The Central Bank of Turkey held its monthly rate setting meeting yesterday and remained all interest rates unchanged as expected but made some technical adjustments such as canceling the monthly repo auctions.

The policy rate remained unchanged at 4,50%, while o/n rate at 7,75%, and o/n rate for primary dealer banks within OMOs was kept stable at 6.75%. According to official report released, CBT has a concern about inflation and may do furthermore tightening actions (see our...