By Akin Nazli in Belgrade The monetary policy committee (MPC) of Turkey’s central bank on May 23 kept its policy rate unchanged at 50% in line with market expectations (chart). Disinflation will be established in the second half of the year, the MPC reiterated. The central bank would continue to implement macroprudential policies and sterilisation tools, it was also stated. Earlier this month, the national lender took a real step towards simplification/normalisation with the scrapping of the local banks’ obligation to buy government lira papers. Since the policy rate reached meaningful levels,…