Turkish Monetary Policy
Monetary Policy Tweaked by the Central Bank of the Republic of Turkey
September 18, 2012
Monetary officials cut the overnight lending rate to 10.0% from 11.5%, while keeping the overnight borrowing rate unchanged at 5.0%. A statement from officials declares that “narrowing the interest rate corridor would support financial stability,” then adding that “if deemed necessary, a measured step in the same direction may be taken in the forthcoming period.” […] More
Turkish Monetary Policy Settings Left Unchanged but Coming Changes Hinted
August 16, 2012
After this month’ policy meeting, the Central Bank of the Republic of Turkey released a statement that stressed a need to preserve two-sided policy flexibility because of the high level of global uncertainties. The 5.75% level on the main policy reference rate, the one-week repo, was retained at the level such has been since a […] More
Turkish Monetary Policy on Hold, Too
May 29, 2012
The 7-day repo rate of the Central Bank of the Republic of Turkey was kept at 5.75% for another month as expected. It was last changed via a 50-basis point cut on August 11, 2011. Officials also made no change in the 5.0% overnight borrowing rate or the 11.5% overnight lending rate. A statement today […] More
No Changes this Time in Turkish Monetary Policy Settings
April 18, 2012
Officials at the Reserve Bank of the Republic of Turkey retained levels of 5.75% in the 7-day repo rate, which is the key policy rate, 5.0% in the overnight borrowing rate, and 11.5% in the overnight lending rate. The last changes in the 1-week repo rate and the overnight borrowing rate were made last August […] More
Turkish Monetary Policy Rates Unchanged
March 27, 2012
The Central Bank of the Republic of Turkey left unchanged the 5.75% 7-day repo rate, the 11.5% overnight lending rate, which had been cut in February by 100 basis points, and the 5.0% overnight borrowing rate, which has been at that level since August 2011. The 7-day repo rate has been at a record low […] More
