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FinancialNews


  • 20-02-20

    Turkey's Central Bank: policy rate drops to 10.75 percent

    (MENAFN) On Wednesday, the one-week repo rate for Turkey's Central Bank was decreased by 50 basis points.


    According to a statement by Turkey's Central Bank, the policy rate, also called the one-week repo rate, decreased from 11.25 percent to 10.75 percent.


    A change among 25 and 75 basis points was estimated and the bank programmed 12 committee gatherings for 2020.


    The bank made 8 MPC gatherings last year, as interest rates decreased from 24 percent to 12 percent last year and 1,200 basis points during the course of the year; the bank informed that economic activity and sectoral diffusion keep on improving.

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