Turkey keeps policy rate on hold, despite weakening lira

Murat Çetinkaya
Governor Murat Çetinkaya: appointed to a five-year term in April 2014
Photo: CBRT

The monetary policy committee (MPC) of the Central Bank of the Republic of Turkey decided to keep its main policy rate on hold today (January 25), despite a falling currency and rising inflation.

The MPC kept Turkey's main monetary policy tool, the one-week repo rate, at 8%. It has raised the rate only once in the last year, hiking it by 50 basis points on November 24.

The MPC also held the borrowing rate at 7.25%. It did raise the marginal funding rate from 8.5% to 9.25%, along with the late

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 copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account