By Akin Nazli in Belgrade The monetary policy committee (MPC) of Turkey’s central bank on April 25 kept its policy rate unchanged at 50% in line with market expectations (chart). In March, despite an ongoing decline, the underlying trend of monthly inflation was higher than expected, the MPC noted. Considering the lagged effects of the monetary tightening, the committee decided to keep the policy rate unchanged. The tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed, the authority reiterated. In 2H24, mode…