Official bank rate
Türkiye's central bank hikes policy rate to 17,5%
Türkiye's Central Bank has increased its policy rate - one-week repo rate - from 15 percent to 17,5 percent.
The rate hike was widely expected after Mehmet Şimşek once again took the helm at the economy management and Hafize Gaye Erkan was appointed as the new Central Bank Governor.
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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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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.
Turkish Central Bank keeps interest rates unchanged
The Turkish Central Bank on Feb. 18 kept the policy rate stable in line with market expectations.
The bank's policy rate - also known as the one-week repo rate - stands at 17 percent, the bank said in a statement, noting that additional monetary tightening would be delivered if needed.
Turkish Central Bank lowers interest rates by 50bps
The Turkish Central Bank on May 21 lowered its one-week repo rate by 50 base points, in line with market expectation.
A statement from the bank's fifth of 12 Monetary Policy Committee (MPC) meetings scheduled for this year said the policy rate was dropped to 8.25% from 8.75%.
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.
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Survey: Turkey Central Bank may cut interest rates
The Turkish Central Bank is forecast to cut its interest rates for the 10th month in a row, according to a panel of economists surveyed by Anadolu Agency on April 20.
The fourth Monetary Policy Committee (MPC) meeting of the year will be held on April 22 to announce the bank's decision on interest rates.
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Interest rate cut improves market, investments, official says
The Turkish Central Bank's decision on Feb. 19 to cut interest rates provided leverage for markets, employment and investments, said the head of the Foreign Economic Relations Board of Turkey (DEIK).
The bank's total reduction of 13.25 points over the last six monetary policy meetings supports Turkey's development strategy, Nail Olpak said in a press release on Feb. 19.
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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