content tagged with interest rate hike

Interest rate hike by Turkey’s Central Bank

Interest rate hike by Turkey’s Central Bank

The Monetary Policy Committee of Turkey’s Central Bank has increased the policy rate (one-week repo auction rate) from 17 to 19 percent.

Interest rate hike by Turkey’s Central Bank

Interest rate hike by Turkey’s Central Bank

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.”

19 November 2020

Interest rate hike by Turkey’s Central Bank

Interest rate hike by Turkey’s Central Bank

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.

24 September 2020

Turkey Becomes 3rd Country with Highest Interest Rates

Turkey Becomes 3rd Country with Highest Interest Rates

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.

13 September 2018

Central Bank Increases Interest Rate by 6.25 Points

Central Bank Increases Interest Rate by 6.25 Points

The Monetary Policy Committee of the Central Bank has increased the interest rate by 6.25 points. With this change, the interest rate has increased from 17.75 to 24 percent.

13 September 2018

Central Bank Signals Interest Rate Hike

Central Bank Signals Interest Rate Hike

After the Turkish Statistical Institute has announced the inflation figures for August 2018, the Central Bank has released a statement, signalling an interest rate hike.

3 September 2018

US Dollar On The Rise Again Despite Interest Rate Hike by Central Bank

US Dollar On The Rise Again Despite Interest Rate Hike by Central Bank

The exchange rate of US Dollar to Turkish Lira, which fell from the level of 4.80 TRY to 4.50 TRY following the Central Bank’s interest rate hike by 300 basis points, has started to rise again after the markets have opened.