Turkish Central Bank decides to keep rate at 50%
Today the interest rate in the republic is 50%. 22 years ago was the last time, when it was above the current level.
Turkish central bank
Turkey’s central bank raises interest rate to 50%
Turkey’s central bank raised its key interest rate, the one-week repo rate, from 45% to 50%, the bank's press service reported, citing the continuing need to counter climbing inflation in the country. …
Turkish Central Bank stops raising key rate
The Turkish Central Bank has not risen the key rate for the first time in 8 months. It is currently at around 45%.
Turkish lira hits new record low
The Turkish lira hit a fresh record low against the U.S. dollar on January 11, trading at 30.005 to the greenback just before noon local …
Central Bank of Türkiye raises policy rate once again
At today's meeting of the Turkish Central Bank, the rate was raised to 35%. At the September meeting, the regulator increased it to 30%.
Turkish central bank lifts its interest rate by 500 points
Türkiye's Central Bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%. The Turkish lira weakened slightly to 27.06 against the dollar on the news, with the greenback up …
Turkey's central bank raises key rate to 25%
Turkey’s central bank raised its key interest rate by 7.5 percentage points on August 24, signaling it was willing to follow through on a new commitment to damp inflation through monetary policy. …
Turkey's inflation rate to peak at 60% by year-end
Turkey's inflation could reach 59.46 per cent by December, according to a central bank survey. The policy rate of Turkey's central bank hiked to 17.5% in July may reach 19.19% in December. The lira …
Turkey raises its key interest rate to 17.5%
Turkey’s central bank raised on July 20 its key interest rate to 17.5%, the highest level since October 2021. The 2.5% hike came a month after the bank raised rates from 8.5% to 15% following more than a year of …
Turkish Central Bank may raise interest rate this Thursday
The Turkish Central Bank may continue to raise the discount rate. It could reach 20% this Thursday.
Turkish lira keeps falling for second day in a row
The collapse of the Turkish lira continues for the second day in a row. This happened right after the Central Bank of Türkiye raised the key rate from 8.5 to 15%.
Turkey's central bank rises interest rate to 15%
Turkey’s central bank delivered a large interest rate hike Thursday, raising its key rate by 6.5% points to 15%. The increase, which is a significant jump from the current 8.5%, is the first since March 2021. The central bank …
Hafize Gaye Erkan named Türkiye's central bank governor
Turkey’s President Recep Tayyip Erdogan has appointed Hafize Gaye Erkan as the country’s new central bank governor, the Official Gazette said. Erkan was a former managing director at Goldman Sachs and co-CEO at …
Türkiye allows cash withdrawals
Türkiye has allowed cash withdrawals from cards and deposits
Türkiye's central bank sees substantial increase in reserves
The reserves of the Central Bank of Republic of Türkiye (CBRT) have reached $125 billion, CBRT governor Shahap Kavcioglu said on the air of the TRT TV channel. "The only central bank in the world, the reserves of which have …
Turkey's Central Bank reduces key rate to 9%
Turkey’s Central Bank reduced the policy rate (one-week repo auction rate) from 10.5% to 9% on Thursday. In October the rate was cut from 12% to 10.5%. The regulator’s decision coincided with projections by the …
Central bank of Türkiye lowers interest rates again
The Central Bank of Türkiye has decided to cut the discount rate from 13% to 12%, the regulator's press service reports. "The Monetary Policy Committee has decided to lower the rate at weekly repo auctions (a short-term …
Türkiye working on new stimulus for businesses to sustain activity
The Turkish government is working on a new financial package to support small- and medium-sized enterprises (SMEs) in need of collateral, the country’s Treasury and Finance Ministry said. According to …
Turkey's Central bank cuts key rate
Turkey's central bank said on Thursday it slashed its key rate to 13% from 14% to drive economic growth and sustain employment amid growing geopolitical risk, adding rising loan rates have diminished effectiveness of monetary policy. …
Central bank survey sees Turkey's year-end inflation at nearly 58%
Expectations for Turkish inflation through the end of this year have ticked higher, a closely watched survey showed Monday, as Turkey’s central bank is seen holding its benchmark policy rate unchanged this week. Propelled by …
