Turkish central bank makes fourth rate cut in six months

central-bank-of-the-republic-of-turkey-2
CBRT

The Central Bank of the Republic of Turkey continued its sharp easing cycle under governor Murat Uysal, cutting the one-week repo rate by 75 basis points today (January 16).

The CBRT’s Monetary Policy Committee (MPC) lowered the key rate to 11.25%. This is the fourth rate cut since July, when president Recep Tayyip Erdoğan replaced Murat Çetinkaya as governor following months of pressure on the former governor to cut rates.

Erdoğan said in public that he had dismissed Çetinkaya for his failure

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: