The Central Bank of Turkey

Turkey’s One-Week Repo Rate Cut to 9.75% from 10.75%

March 17, 2020

The Central Bank of Turkey‘s board, which was to have reviewed policy later this week, announced a larger-than-anticipated 100-basis point reduction of its one-week repo rate. Reductions in January and February had been by 75 and 50 basis points, respectively, and at 9.75%, the benchmark has fallen 14.25 percentage points from the high of 24.0% […] More