Turkey Pauses Rate Cuts as Iran War Poses Inflationary Pressures

Turkey’s central bank held its benchmark interest rate steady on Thursday, pausing a cycle of cuts because of a war-driven spike in energy prices and currency pressures.

By Beril Akman · Bloomberg Markets

Turkey’s central bank held its benchmark interest rate steady on Thursday, pausing a cycle of cuts because of a war-driven spike in energy prices and currency pressures.