The Central Bank of the Republic of Turkey (CBRT) left its policy rate on hold on March 16, but added to a sharp tightening process via its other liquidity facilities.
Although the policy rate remains flat at 8%, the central bank hiked the rate on its “late liquidity window” by 75 basis points to 11.75%.
Data published by the central bank shows it stopped supplying liquidity at the one-week policy rate in mid-January as inflation began to climb. Instead, it turned to two overnight rates and th
- Making the rules and breaking the mould (Allan Meltzer: 1928–2017)
- BoE economists criticise DSGE inflation modelling
- Indonesian deputy Perry on revolutionising monetary and financial policy
- Commission should have power to order CCPs to relocate to EU – Cœuré
- South African governor rejects calls to change mandate