Turkish central bank on hold as lira finds support

central-bank-of-the-republic-of-turkey
The Central Bank of the Republic of Turkey

The Central Bank of the Republic of Turkey (CBRT) chose to keep its headline rate on hold today (October 25), as the Turkish economy finds a measure of stability.

The decision to hold the one-week repo rate constant at 24% was in line with analysts’ consensus, but markets nevertheless appeared to welcome the decision. The lira rallied around 0.8% against the US dollar in the immediate aftermath of the central bank’s announcement, having already strengthened somewhat earlier in the day’s trading

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: