Bank of England

Credit growth expected to stabilize: Central Bank

Credit growth rates are expected to stabilize following the policy rate decision taken in March and the macroprudential measures, according to the Central Bank.

Total loan growth has accelerated since the bank's rate-setting meeting in February, the bank said in the summary of the March Monetary Policy Committee (MPC) meeting, released on March 28.

Turkey's Central Bank cuts interest rates 100 bps

The Central Bank of Turkey on April 22 reduced its one-week repo rate 100 basis points.

The bank's policy rate -- also known as the one-week repo rate -- fell to 8.75% from 9.75%.

The decision came in a statement from the bank's Monetary Policy Committee (MPC) meeting -- the fourth of twelve meetings scheduled for 2020.

Turkish Central Bank lowers interest rates 50 bps

The Turkish Central Bank on Feb. 19 lowered its policy rate (one-week repo rate) by 50 basis points.

In a statement released after Feb. 19's Monetary Policy Committee (MPC) meeting, the bank said the policy rate dropped to 10.75 percent from 11.25 percent.

A survey by Turkey's state-run Anadolu Agency had forecasted a change between 25 and 75 basis points.

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