tcmb decision, 2007-05-24
In this regard, although disinflation is expected to become more significant in the upcoming period, the Committee, with a medium term perspective, decided to keep the policy rates unchanged against the risks such as the gap between inflation expectations and targets, the backward looking pricing behavior, elevated oil prices, prevailing uncertainties, and the stickiness related to services price inflation.
Sentiment: rate_hold
Topic: mp_interest_rate