Turkish central bank

Turkish Central Bank Hikes Overnight Lending Rate to Support Lira

October 20, 2011

Turkish monetary authorities essentially did a mea culpa today, taking some responsibility for hurting inflation expectations and the lira with earlier policy actions. The Central Bank of the Republic of Turkey overnight lending rate was increased 350 basis points to 12.5%, while the overnight borrowing rate was left unchanged at 5.0%.  Their spread of 750 […] More