The Central Bank of Turkey, as expected by analysts, maintained the Intrerest Rate at 50%, and the depreciation of the Turkish lira narrowed slightly. The Central Bank of Turkey reiterated that it will maintain a tight monetary policy until a significant and sustained decline in monthly inflation trends is observed. Nicholas Far, an economist at Capital Economics, said in a report: There is no clear sign from the Central Bank that it will cut interest rates soon. The speed of inflation decline in the coming months will be slow, and it may not be possible to cut interest rates until at least the end of the first quarter of 2025.