CBRT vows action at next policy meeting

central-bank-of-the-republic-of-turkey
Central Bank of the Republic of Turkey. Photo: CBRT

The Central Bank of the Republic of Turkey has promised action at its next monetary policy meeting, raising the possibility of a long-awaited policy rate hike.

The lira found a degree of relative stability in recent weeks after a precipitous drop in early August. The CBRT has tried an array of measures to stabilise the currency, but so far has shied away from raising the policy rate amid criticism from President Recep Tayyip Erdoğan.

That stance may now be changing. In an unusual piece of

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 individual account here: