The Central Bank of Turkey kept the policy rate unchanged at 37%.

The Central Bank of Turkey announced on March 12 that it will keep the policy rate unchanged at 37%, while maintaining the overnight lending rate at 40% and the overnight deposit rate at 35.5%. The Central Bank of Turkey released a statement stating that the potential trend of inflation in February this year remains stable, but increasing uncertainty due to geopolitical developments, a decrease in global risk appetite, and rising energy prices.