Turkey's Central Bank keeps policy rate unchanged

By Muhammed Ali Gurtas

ANKARA (AA) - The Turkish Central Bank on Thursday held its one-week repo rate -- also known as the bank's policy rate -- constant at 24 percent.

The decision came in a statement from the bank's Monetary Policy Committee meeting.

Thursday's committee meeting is the seventh of eight meetings scheduled for the year. At the last meeting on Sept. 13, the bank hiked its policy rate by 625 base points, up from 17.75 percent to 24 percent.

This year's last Monetary Policy Committee meeting is to be held on Dec. 13.