Turkey's central bank held its policy rate steady at 50% on Thursday, as expected, and said it remained attentive to inflation risks, while analysts said its comments opened the way for a possible rate cut next month.

South African Reserve Bank Governor Lesetja Kganyago’s repeated emphasis of uncertainty is expected to translate, at most, into only a handful of additional interest-rate cuts next year.

The Central bank of the Republic of Türkiye (CBRT) announced on Thursday that it would maintain its policy interest rate at 50 percent, marking the eighth consecutive decision to leave the rate unchanged.

The bank’s policy committee left the benchmark interest rate at 50%.

The Turkish central bank left its benchmark interest rate unchanged for an eighth month, but implied slowing inflation could soon justify a cut.

The Central Bank of Turkey held the key interest rate at 50% at its November meeting, for the eighth month in a row. However, investors are becoming more hopeful that a rate cut may be around the corner,