» Turkey: Monetary Policy Update Decision Economics

Turkey: Monetary Policy Update

Posted March 24, 2011 by CLeahey

[private]The Turkish central bank left interest rates unchanged, but increased bank reserve requirements again, to as much as 15% of deposits. The decision leaves intact the central bank unorthodox strategy, which has the twofold goal of preventing Lira appreciation and maintaining inflation low.
3-24-11–EMG INDICATORS AND INSIGHTS _Turkey’s Monetary Policy_[/private]