FX.co ★ Turkey Keeps Overnight Lending Rate Steady at 53% in April 2024

Turkey has maintained its overnight lending rate at 53% in April 2024, following a previous halt at the same percentage in March 2024. The recent data update on April 25, 2024, confirms that the indicator remains unchanged, indicating a stable monetary policy approach to support the country's economy. The decision to keep the lending rate steady comes amidst global economic uncertainties and aims to maintain financial stability and control inflation within Turkey. As the country continues to navigate through economic challenges, monitoring the lending rate remains crucial for investors and financial markets to gauge the direction of the Turkish economy.