image description
image description
Tell A Friend

Latest News

  • 17-10-20

    Turkish Central Bank increases interest rate

    (MENAFN) Friday October 16th: A panel of 17 economists in the Turkish Central Bank, under the surveillance of Anadolu, is studying the expected idea of increasing interest rates. They believe there will be a rise, ranging between 100 and 200 basis points.

    The study also portrayed that economists' average year-end interest rate expectancy is 12.25 percent, ranging from 11.75 percent to 15 percent.

    Backing their predictions is the fact that the Central Bank raised its one-week repo rate - popularly known as the bank's policy rate - last month, by 200 basis points from 8.25 percent to 10.25 percent. Taking the market by surprise.

    A Monetary Policy committee (MPC) meeting will be held this upcoming Thursday, October 22nd, where they will announce the decisions made by the bank.

    MENAFN1710202000450000ID1100971464

View the Financial News Archive
 

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved