ISTANBUL, June 15 Turkey's central bank kept its
main interest rates steady on Thursday, in line with market
expectations, as it continues to battle against double-digit
In its second policy-setting meeting since voters narrowly
backed an April 16 referendum to change the constitution and
hand President Tayyip Erdogan sweeping new powers, the central
bank kept its late liquidity window at 12.25 percent.
It left its benchmark repo rate on hold at 8 percent.
All 16 economists polled by Reuters had predicted the bank
would leave the repo rate unchanged, as well as the overnight
lending rate, at 9.25 percent, and the overnight borrowing rate,
at 7.25 percent. Those rates were also unchanged.
The central bank has repeatedly refrained from lifting the
repo rate, causing some concern among investors about its
independence in the face of criticism from Erdogan, who has
declared himself an "enemy" of interest rates.
(Writing by Daren Butler; Editing by David Dolan and Toby