Turkey’s central bank on Jan. 20 has kept interest rates steady on Jan. 20.
The bank left its policy rate at 14 percent two days after President Recep Tayyip Erdoğan - a fervent opponent of high interest rates - said future reductions could come "gradually and without any rush".
Erdoğan has been waging a "war of economic independence" designed to wean Turkey off its dependence on foreign capital inflows by boosting cheap lending and revving up exports.
