Monetary Policy Committee

Most economists expect Türkiye's Central Bank to keep its policy rate steady at 50 percent when members of the Monetary Policy Committee meet later this week on Sept. 19.

In August, the monetary authority held the one-week repo auction rate unchanged at 50 percent for a fifth straight month. The bank last raised rates in March by 500 basis points.

As widely expected, the Central Bank has opted to keep the policy rate, the one-week repo auction rate, stable at 50 percent.

Türkiye's Central Bank will meet later this week to decide about its policy rate, the one-week repo auction rate.

Most economists expect the bank to keep its key rate steady at 50 percent when members of the Monetary Policy Committee (MPC) meet on June 27.

In a widely expected move, the Central Bank has held its policy rate — the one-week repo auction rate — steady at 50 percent.

The Central Bank's Monetary Policy Committee (MPC) will meet for a fifth time this year to decide on the one-week repo auction rate.

Economists widely expect the bank to keep the key interest rate unchanged at 50 percent on May 23 as it did at the MPC meeting in April.

Türkiye's Central Bank has decided to opt for lifting the key policy rate, increasing the one-week repo auction rate from 45 percent to 50 percent.

Most economists had expected the Central Bank, which held the policy rate steady last month after eight straight increases, to keep the rate unchanged at the Monetary Policy Committee (MPC) meeting on March 21.

The Central Bank has raised the monthly maximum interest rate on credit card cash withdrawals from 4.42 percent to 5 percent.

The bank's decision, which aimed at curbing credit card spending, was published in the Official Gazette on March 16 and came into force.

Türkiye's annual inflation rate accelerated from 64.86 percent in January to 67 percent in February, but the pace of monthly inflation increase slowed, the data from the Turkish Statistical Institute (TÜİK) have shown.

Consumer prices advanced 4.53 percent month-on-month, down from 6.7 percent in January.

As widely expected, Türkiye's Central Bank kept its policy rate unchanged at 45 percent after eight straight months of rate hikes.

Conventional policies will be employed to curb inflation, Finance Minister Mehmet Şimşek has said, reiterating that there will be a steep fall in inflation in the second half of 2024.