Economics
Turkey Keeps Key Rate Unchanged as Inflation Backlash Builds
- Benchmark left at 14% as price gains at two-decade high
- Rate cuts during late 2021 led to a slump in the currency
Customers visit a market in Eskisehir, Turkey.
Photographer: Moe Zoyari/BloombergThis article is for subscribers only.
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Turkey’s central bank kept its benchmark interest rate unchanged for a second month on Thursday, as President Recep Tayyip Erdogan’s government struggles to contain price surges that could threaten his two-decade rule.