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Turkey holds rate but softens hawkish policy stance       Turkey s central bank maintained its key interest rate and tight monetary policy stance, as widely expected, but dropped its earlier commitment of maintaining this tight stance for an extended period, signaling a slight softening of its hawkish tone.       Instead of its previous pledge of keeping a tight policy stance decisively and for an extended period, the Central Bank of the Republic of Turkey (CBRT) today said it would use decisively all instruments in pursuit of price stability and the policy rate would be set above inflation to maintain a disinflationary effect until there is a permanent fall in inflation and the medium-term inflation target is reached.

Republic of turkeyElif haykNaci agbalMustafa dumanAbdullah yavaMurat cetinkayaTayyip erdoganMurat uysalSahap kavciogluCommittee membersCentral bankMonetary policy committee meetingMonetary policy committeeCentral bank newsMonetary policyPrime lending rate