Turkey’s central bank extended its interest-rate pause for a fifth month and said it was placing even more importance on expectations for prices before discussing easing, Bloomberg News reported. The Monetary Policy Committee, led by Governor Fatih Karahan, kept the one-week repo rate at 50% on Tuesday. “The alignment of inflation expectations and pricing behavior with projections has gained relative importance for the disinflation process,” the MPC said. The lira slipped 0.3% to 33.84 per US dollar at 3:30 pm in Istanbul.
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