Central Bank of Turkey cuts main rate as MPC sees inflation in decline

Turalay Kenç

The Central Bank of the Republic of Turkey (CBRT) cut its one-week repo rate, the bank's main interest rate, by 75 basis points to 8.75%, as inflation will start to "decline markedly" in June, the bank said.

According to the CBRT, an increase in export-led demand is expected to prompt disinflation, while the "adverse impact of exchange rate developments since mid-2013 on annual inflation will gradually taper off".

Turkey was among the hardest-hit countries in a ‘mini-crisis' earlier this year

To continue reading...

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 indvidual account here: