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Turkey Holds Rates First Time Since May as New Chief Takes Over

(Bloomberg) The Turkish central bank shifted to more hawkish guidance after keeping interest rates on hold for the first time since May, as it moves forward under a new governor who took over earlier this month.Most Read from BloombergNvidia Set for Biggest Gain in Nine Months as AI Drives SalesBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024China Tightens Grip on Stocks With Net Sale Ban at Open, CloseYour 401(k) Will Be Gone Within a DecadeWhy Are There Suddenly So Many Car

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Turkish Central Bank Ends Hiking Cycle as New Governor Holds Course

By Joshua Kirby Turkey s central bank held its key policy rate in place, signalling little deviation from its course under new governor Fatih Karahan. The bank s policy committee decided.

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