Turkey makes surprise rate cut
The Central Bank of the Republic of Turkey unexpectedly decided to lower interest rates by 25 basis points on Thursday.
The benchmark overnight borrowing rate is now 17.25%, the late liquidity window rate is 13.25%, and the rate on overnight and one-week maturity borrowing facilities provided for primary dealers via repo transactions is 21.25%.
In explaining the cut, the central bank said: "Aggregate demand conditions continue to support the disinflation process." Inflation is set to remain well
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Fed policy-makers disagree over risks
- Supervisors grapple with the smaller bank dilemma
- Taking stock of Bernanke: the original sin of forecasting