Economics

Turkey's Central Bank Drops Commitment to Flat Yield Curve

  • Analysts take opposing views on implications of wording change
  • Policy makers left interest rates unchanged at monthly meeting
Lock
This article is for subscribers only.

Turkey’s central bank removed a phrase on maintaining a flat yield curve from its statement on interest rates on Wednesday, leaving analysts divided about whether the bank was indicating a move to a looser or tighter monetary policy.

The statement published online didn’t include a sentence saying the central bank would keep a cautious monetary policy stance “by keeping a flat yield curve, until there is a significant improvement in the inflation outlook.” That phrase had appeared in all of its previous statements this year.