content tagged with Monetary Policy Committee

Turkey’s Central Bank keeps the policy rate constant at 14 percent

Turkey’s Central Bank keeps the policy rate constant at 14 percent

For the fourth month in a row, the Monetary Policy Committee of the Central Bank has decided to keep the policy rate (one-week repo auction rate) unchanged at 14 percent at its meeting today, on April 14, 2022.

Turkey’s Central Bank keeps policy rate constant

Turkey’s Central Bank keeps policy rate constant

The Monetary Policy Committee of the Central Bank has kept the policy rate (one-week repo auction rate) unchanged at 14 percent.

17 February 2022

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

Ahead of Central Bank’s interest rate decision, USD exchange rate against lira on the rise

Ahead of Central Bank’s interest rate decision, USD exchange rate against lira on the rise

The exchange rate of the US dollar increased from 8.43 to 8.65 Turkish Lira last week. Ahead of the Monetary Policy Committee meeting, where it will be decided whether the policy rate will remain unchanged or not, the dollar saw 8.72 earlier today.

20 September 2021

Turkey’s Central Bank keeps interest rates unchanged

Turkey’s Central Bank keeps interest rates unchanged

The Monetary Policy Committee of the Central Bank has kept the policy rate (one-week repo auction rate) fixed at 19 percent, which was increased from 17 percent to this rate at its meeting in March 2021.

Central Bank keeps interest rate constant for the second time in a row

Central Bank keeps interest rate constant for the second time in a row

The Monetary Policy Committee of the Central Bank has kept the policy rate (one-week repo auction rate) fixed at 19 percent, as was also the case last month: “All available instruments will be used in pursuit of the primary objective of price stability.”

Interest rate hike by Turkey’s Central Bank

Interest rate hike by Turkey’s Central Bank

The Monetary Policy Committee of Turkey’s Central Bank has increased the policy rate (one-week repo auction rate) from 17 to 19 percent.

Turkey’s Central Bank keeps policy rate constant at 8.25 percent

Turkey’s Central Bank keeps policy rate constant at 8.25 percent

The Central Bank has kept the policy rate (one-week repo auction rate) constant at its current level of 8.25 percent. Referring to the “uncertainties regarding demand conditions,” the Bank has said that “it will continue with its liquidity measures.”

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

Central Bank Decreases Interest Rate from 24 Percent to 19.75 Percent

Central Bank Decreases Interest Rate from 24 Percent to 19.75 Percent

The Monetary Policy Committee of the Central Bank has cut the political interest rate by 4.25 percent, decreasing it from its former level of 24 percent to 19.75 percent.

Central Bank Does Not Change Interest Rate Due to Risk in Price Stability

Central Bank Does Not Change Interest Rate Due to Risk in Price Stability

The Monetary Policy Committee of the Central Bank has not changed the political interest rate, keeping it fixed at its current level of 24 percent. The committee has stated that there are still risks in terms of price stability.

13 December 2018

Central Bank Increases Interest Rate by 6.25 Points

Central Bank Increases Interest Rate by 6.25 Points

The Monetary Policy Committee of the Central Bank has increased the interest rate by 6.25 points. With this change, the interest rate has increased from 17.75 to 24 percent.

13 September 2018

Central Bank Signals Interest Rate Hike

Central Bank Signals Interest Rate Hike

After the Turkish Statistical Institute has announced the inflation figures for August 2018, the Central Bank has released a statement, signalling an interest rate hike.

3 September 2018