Turkey’s central bank maintained its benchmark interest rate at 37% following a monetary policy committee meeting. The decision marks a pause after significant rate hikes aimed at curbing inflation. The bank stated it will continue to monitor inflation expectations closely and is prepared to take additional steps if necessary. This policy rate, the one-week repo auction rate, is a key tool used to manage price stability in the country. Economists had anticipated the hold, given recent signals from the bank emphasizing the impact of previous tightening measures. The central bank is battling persistently high inflation, which remains a major economic challenge for Turkey. Further policy adjustments will depend on evolving economic data and the effectiveness of current measures.