The Central Bank of the Republic of Türkiye kept its one-week policy rate at 37%, with the overnight lending rate at 40% and the overnight borrowing rate at 35.5%. The bank said its tight stance will continue until price stability is achieved, and warned it is ready to tighten further if upside inflation risks persist.
Tight policy and weak domestic demand, which the bank cites, tend to restrain Turkish livestock and feed demand. Continued energy-driven inflation risk keeps the lira under pressure, which raises feed import costs.
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