Official bank rate

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.

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.

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.

Pages