Central Bank of Turkey

Unchanged Turkish Monetary Policy Settings Following First Meeting of 2012

January 24, 2012

The monetary authorities at the Central Bank of the Republic of Turkey declined to change its policy stance, which had been tightened last October to prevent second-order effects from temporarily accelerated price increases late in 2011.  The one-week repo rate, which is the primary policy rate, has been at 5.75% since last August, and there […] More

No Further Turkish Monetary Policy Changes for Now

August 23, 2011

At an interim unscheduled meeting on August 4, policy makers at the Central Bank of the Republic of Turkey sliced their benchmark one-week repo rate by 50 basis points to 5.75% and narrowed the corridor between their overnight lending and borrowing rates by raising the latter 350 bps to 5.0% but not changing the former’s […] More