content tagged with interest rate cut

Central Bank cuts policy rate again, Turkish Lira plummets to new low

Central Bank cuts policy rate again, Turkish Lira plummets to new low

The Monetary Policy Committee of the Central Bank has reduced the policy rate from 15 percent to 14 percent. Following the policy rate cut, Turkish Lira has crashed to a new low and the USD exchange rate has hit 15.61 TRY.

16 December 2021

Turkey’s Central Bank Cuts Policy Interest Rate for the Ninth Time in a Row

Turkey’s Central Bank Cuts Policy Interest Rate for the Ninth Time in a Row

Central Bank has reduced the policy rate (one-week repo auction rate) from 8.75 to 8.25 percent. “While uncertainties on global economic recovery remain high, normalization steps taken by several countries are being watched,” the Bank has said.

Central Bank Reduces Policy Interest Rate from 9.75 to 8.75 Percent

Central Bank Reduces Policy Interest Rate from 9.75 to 8.75 Percent

Central Bank has reduced the policy rate (one-week repo auction rate) from 9.75 to 8.75 percent. Referring to the spread of the coronavirus, the bank has indicated that it continues to take expansionary measures in this context.

Central Bank Reduces Policy Interest Rate from 10.75 to 9.75 Percent

Central Bank Reduces Policy Interest Rate from 10.75 to 9.75 Percent

Central Bank has reduced the policy rate (one-week repo auction rate) from 10.75 to 9.75 percent: “The pandemic disease is closely monitored for its evolving global impact on capital flows, financial conditions, international trade and commodity prices."

Central Bank Reduces Interest Rates for the Sixth Time in a Row

Central Bank Reduces Interest Rates for the Sixth Time in a Row

Central Bank has reduced the policy rate (one-week repo auction rate) from 11.25 percent to 10.75 percent, which marks the sixth interest rate cut in a row since July 2019.

19 February 2020

Further Interest Rate Cut by Central Bank

Further Interest Rate Cut by Central Bank

The Monetary Policy Committee of the Central Bank has cut the policy rate by 250 basis points, thereby lowering it from its former level of 16.50 percent to 14 percent.

24 October 2019