According to MTI, at a meeting in April, the policymakers said that “In the coming period, the council would pay particular attention to the persistence of the shifts in market services price dynamics and in inflation expectations.”
The minutes from the monthly policy meeting released on Wednesday show, “The general view among members was that maintaining a restrictive monetary policy stance was still necessary, and the maintenance of positive real interest rates ensured the achievement of price stability.
The policymakers discussed a single option at the meeting on April 29: leaving the base rate unchanged.
The vote to keep the base rate at 6.5% was unanimous.
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