Central Bank of Türkiye raises policy rate once again

The Central Bank of Türkiye continues to raise the policy rate. At the meeting held on October 26, it was decided to raise it to 35%.

"The Monetary Policy Committee of the Central Bank of Türkiye held an October meeting and decided to increase the rate by 500 basis points to 35%",

Turkish Central Bank said

Let us remind you that at the last meeting of the regulator, held in September, the policy rate was increased from 25% to 30%. Later, the Turkish national currency updated its historical low, rising to 28 liras per dollar