Monetary Policy Committee
Central Bank keeps 5 percent medium-term inflation target
The Central Bank has said that under the inflation targeting regime, the medium-term inflation target of 5 percent set jointly with the government has been maintained.
Turkish central bank cuts rates for third month
Türkiye's Central Bank has delivered another rate cut - for the third month in a row - slashing its policy rate - the one-week repo auction rate - from 12 percent to 10.5 percent.
This was larger than the 100-basis points reduction most analysts had expected.
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Interest rate cuts will continue, vows Erdoğan
Interest rate cuts will continue, President Recep Tayyip Erdoğan has vowed, calling on investors to benefit from cheaper loans being offered by state banks.
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Growth, foreign trade data due this week
Türkiye will release some key data this week, including GDP growth, foreign trade and the economic confidence index.
The Turkish Statistical Institute (TÜİK) will announce the growth figures for the second quarter on Aug. 31. The Turkish economy expanded 7.3 percent in January-March this year.
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Central Bank keeps interest rate stable
In a widely expected move, the Central Bank decided to keep its policy rate, the one-week repo rate, unchanged at 14 percent on June 23.
For the last time, the bank cut the key rate by 100 basis points from 15 percent in December last year.
Turkish, Economy, Interest Rates,
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Central Bank to review interest rates this week
The Central Bank's Monetary Policy Committee (MPC) will meet on June 23 to review its key interest rate.
This will be the MPC's sixth rate-decision meeting this year.
Economists expect the monetary authority to keep the policy rate (one-week repo auction rate) unchanged at
14 percent.
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Growth, inflation data due this week
Authorities will release crucial economic data this week, including growth for the first quarter and inflation for May.
On May 31, the Turkish Statistical Institute (TÜİK) will release the gross domestic product (GDP) figures for January-March.
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State lenders follow suit after Central Bank cuts interest rates
Turkish state-owned lenders Ziraat, Vakıfbank and Halkbank have lowered loan interest rates between 50 and100 basis points on Nov. 19.
After the Central Bank cut its benchmark rate from 16 percent to 15 percent on Nov. 18, the three banks decided to follow suit.
Central Bank cuts benchmark rate to 15 pct
The Turkish Central Bank on Nov. 18 cut its benchmark one-week repo rate by 100 basis points from 16 percent to 15 percent in line with market expectations.
At its 11th Monetary Policy Committee meeting this year, the bank said recent increases in inflation had been driven by supply-side factors such as rising food and import prices, especially in energy, and supply constraints.
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Turkish Central Bank lowers interest rates by 200 basis points
The Turkish Central Bank on Oct. 21 lowered its one-week repo rate by 200 basis points, well above market expectation.
The policy rate- also known as the one-week repo rate- decreased to 16% from 18%, the bank said in a statement following its 10th Monetary Policy Committee (MPC) meeting this year.