Central Bank of the Republic of Turkey

September 22, 2016

Both the overnight marginal funding rate and late liquidity lending rate have been cut by 25 basis points to 8.25% and 9.75%. The 7.5% one-week repo rate and 7.25% overnight borrowing rate were not changed. These moves constitute both and easing of the policy stance and a “measured and cautious” further step toward simplification of Turkey’s monetary policy framework. A released statement notes that growth decelerated this quarter and that financial conditions are tight. A gradual drop in core inflation and lower food prices are projected.

Copyright 2016, Larry Greenberg.  All rights reserved. No secondary distribution without express permission.

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