Central Bank of the Republic of Turkey
Central Bank of the Republic of Turkey
July 19, 2012
Turkey’s Monetary Policy Committee left its key rates steady. In a statement, officials indicated that inflation has been a bit softer than assumed and that a reduced inflation forecast is likely in the future. The central bank’s one-week benchmark repo rate has been at 5.75% since August 2011. The overnight lending rate has been at […] More
Central Bank of the Republic of Turkey Holds Its Fire
December 22, 2011
Officials at Turkey’s central bank left all policy settings unchanged including the 5.75% one-week repo rate. A statement released today presents a mixed set of objectives and gives little clue to the timing of subsequent actions. Tight monetary policy should be maintained for a while in order to keep inflation outlook consistent with the medium […] More
Unchanged Monetary Policy in Turkey at This Month’s Meeting
November 23, 2011
Officials at the Central Bank of the Republic of Turkey retained a 5.75% one-week repo rate. That key benchmark of monetary policy was reduced by 1,175 basis points in the year between November 2008 and November 2009. Subsequent cuts were implemented of 50 basis points in December 2010, 25 bps in January 2011, and 50 […] More
Turkish Monetary Policy Left Unchanged with a Bias Toward Ease
September 20, 2011
The Central Bank of the Republic of Turkey retained a 5.75% one-week repo rate and kept overnight lending and borrowing rates at 9% and 5%, respectively. During the Great Recession, Turkey’s key rate was cut from 18.75% to 7.0% over the year between November 2008 and November 2009. Monetary policy subsequently had tightened in late […] More
