interest rate

The Monetary Policy Committee of Turkey’s Central Bank has kept the policy rate (one-week repo auction rate) constant at 17 percent.

The Central Bank has released the results of its expectation survey.

"It is essential for us to get Turkey out of the spiral of interest rates, inflation, exchange rates," the President has said.

Central Bank has increased the policy rate from 10.25 to 15 percent: “The lagged effects of depreciation in Turkish lira, increasing international food prices and deterioration in inflation expectations affect the inflation outlook adversely.”

The Central Bank has kept the policy rate (one-week repo auction rate) constant at 10.25 percent. Following this decision, the exchange rate of the US dollar has hit 7.95 Turkish Lira and that of Euro 9.40 Turkish Lira.

Central Bank has increased the policy rate from 8.25 to 10.25 percent. “The tightening steps taken since August should be reinforced in order to contain inflation expectations and risks to the inflation outlook,” the Bank has noted.

The Central Bank has kept the policy rate (one-week repo auction rate) constant at its current level of 8.25 percent. Referring to the “uncertainties regarding demand conditions,” the Bank has said that “it will continue with its liquidity measures.”

The bank has held its one-week repo rate unchanged at 8.25 percent, keeping it steady for the second straight month.

Central Bank has reduced the policy rate (one-week repo auction rate) from 8.75 to 8.25 percent. “While uncertainties on global economic recovery remain high, normalization steps taken by several countries are being watched,” the Bank has said.

Central Bank has reduced the policy rate (one-week repo auction rate) from 9.75 to 8.75 percent. Referring to the spread of the coronavirus, the bank has indicated that it continues to take expansionary measures in this context.

Central Bank has reduced the policy rate (one-week repo auction rate) from 10.75 to 9.75 percent: “The pandemic disease is closely monitored for its evolving global impact on capital flows, financial conditions, international trade and commodity prices."

Central Bank has reduced the policy rate (one-week repo auction rate) from 11.25 percent to 10.75 percent, which marks the sixth interest rate cut in a row since July 2019.

Having resigned from the ruling AKP, former Deputy Prime Minister and a founding member of the party Ali Babacan has responded to President and AKP Chair Erdoğan’s reference to him as “always in favor of interest.”

The Monetary Policy Committee of the Central Bank has cut the policy rate by 250 basis points, thereby lowering it from its former level of 16.50 percent to 14 percent.

The Monetary Policy Committee of the Central Bank has cut the political interest rate by 4.25 percent, decreasing it from its former level of 24 percent to 19.75 percent.

Central Bank has again kept the political interest rate fixed at its current level of 24 percent. Unlike its statement in March 2019, this month’s statement does not include the sentence “an additional monetary tightening can be introduced if needs be.”

The Monetary Policy Committee of the Central Bank has not changed the political interest rate, keeping it fixed at its current level of 24 percent.

The Monetary Policy Committee of the Central Bank has not changed the political interest rate, keeping it fixed at its current level of 24 percent. The committee has stated that there are still risks in terms of price stability.

Central Bank has not changed the political interest rate, keeping it fixed at 24 percent. The bank has also announced that it has been maintaining its “tight stance in monetary policy".

In the wake of Central Bank’s decision to increase the political interest rate from 17.75 to 24 percent, Turkey has become the third country with the highest political interest rate after Argentina and Suriname.