Central Bank of the Republic of Turkey
January 18, 2018
Turkish central bank interest rates were not changed at the latest policy review. The one-week repo rate has been at 8.0% since a 50-basis point increase in November 2016. And the 9.25-7.25% overnight lending/borrowing rate corridor has existing since the lending rate was raised a year ago by 75 bps to 9.25%. Turkey is getting growth contributions from both domestic demand and net exports. The stance has to remain tight, according to a statement, until the core inflation outlook improves significantly and becomes consistent with the central bank target. Currently, actual and expected inflation exceed the target.
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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