CBRT keeps the policy rate constant at 19 percent

The Central Bank of the Republic of Turkey (CBRT) kept the policy rate constant at 19 percent, according to the statement released by the CBRT on Thursday.

NEWS IN ENGLISH 15.04.2021, 14:19

CBRT keeps the policy rate constant at 19 percent

"The Monetary Policy Committee (MPC) has decided to keep the policy rate (one-week repo auction rate) constant at 19 percent" read the statement.

"Demand and cost factors, supply constraints in some sectors, and high levels of inflation expectations continue to pose risks to the pricing behaviour and inflation outlook" read the statement and added:

"The decelerating impact of the current monetary stance on credit and domestic demand is envisaged to become more significant in the upcoming period. Accordingly, the MPC has decided to maintain the tight monetary policy stance by keeping the policy rate unchanged."

The CBRT would continue to use decisively all available instruments in pursuit of the primary objective of price stability and the policy rate would continue to be determined at a level above inflation to maintain a strong disinflationary effect until strong indicators point to a permanent fall in inflation and the medium-term 5 percent target is reached, according to the statement.

"The stability in the general price level will foster macroeconomic stability and financial stability positively through the fall in the country risk premium, a reversal in currency substitution, accumulation of foreign exchange reserves and perpetual decline in financing costs. This would create a viable foundation for investment, production and employment to continue growing in a healthy and sustainable way" read the statement.

The global economy, having contracted sharply in 2020 due to the pandemic, continues to recover on the back of accommodative policies and positive developments in the vaccination process, said in the statement and added:

"This improvement process is determined especially by the acceleration in manufacturing industry activity and global trade. While the upward trend in commodity prices has decelerated, the effects of the rising global inflation expectations on international financial markets remain significant."

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Takımlar	O	P
1. Galatasaray	33	90
2. Fenerbahçe	33	86
3. Trabzonspor	33	55
4. Beşiktaş	33	51
5. Başakşehir	33	49
6. Rizespor	33	48
7. Kasımpasa	33	46
8. Antalyaspor	33	45
9. Alanyaspor	33	45
10. Sivasspor	33	45
11. A.Demirspor	33	41
12. Samsunspor	33	39
13. Ankaragücü	33	37
14. Kayserispor	33	37
15. Konyaspor	33	36
16. Gaziantep FK	33	34
17. Hatayspor	33	33
18. Karagümrük	33	33
19. Pendikspor	33	30
20. İstanbulspor	33	16

Takımlar	O	P
1. Eyüpspor	31	69
2. Göztepe	31	63
3. Ahlatçı Çorum FK	31	55
4. Sakaryaspor	31	54
5. Bodrumspor	31	52
6. Kocaelispor	31	52
7. Bandırmaspor	31	47
8. Boluspor	31	47
9. Gençlerbirliği	31	47
10. Erzurumspor	31	42
11. Ümraniye	31	37
12. Manisa FK	31	36
13. Keçiörengücü	31	36
14. Şanlıurfaspor	31	34
15. Tuzlaspor	31	33
16. Adanaspor	31	32
17. Altay	31	15
18. Giresunspor	31	7

Takımlar	O	P
1. Arsenal	34	77
2. M.City	33	76
3. Liverpool	34	74
4. Aston Villa	34	66
5. Tottenham	32	60
6. M. United	33	53
7. Newcastle	33	50
8. West Ham United	34	48
9. Chelsea	32	47
10. Bournemouth	34	45
11. Brighton	33	44
12. Wolves	34	43
13. Fulham	34	42
14. Crystal Palace	34	39
15. Brentford	34	35
16. Everton	34	33
17. Nottingham Forest	34	26
18. Luton Town	34	25
19. Burnley	34	23
20. Sheffield United	34	16

Takımlar	O	P
1. Real Madrid	32	81
2. Barcelona	32	70
3. Girona	32	68
4. Atletico Madrid	32	61
5. Athletic Bilbao	32	58
6. Real Sociedad	32	51
7. Real Betis	32	48
8. Valencia	32	47
9. Villarreal	32	42
10. Getafe	32	40
11. Osasuna	32	39
12. Sevilla	32	37
13. Las Palmas	32	38
14. Deportivo Alaves	32	35
15. Rayo Vallecano	32	34
16. Mallorca	32	31
17. Celta Vigo	32	31
18. Cadiz	32	25
19. Granada	32	18
20. Almeria	32	14