The Monetary Policy Committee (MPC) has decided to keep the policy rate (one-week repo auction rate) constant at 14%. “The Committee expects disinflation process to start on the back of measures taken and decisively pursued for sustainable price and financial stability along with the decline in inflation owing to the base effect and the resolution...
Tag: interest rate decision
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Interest rate remains steady
The Central Bank kept the policy rate steady at 14% at the second Monetary Policy Committee (PPK) meeting of the year in line with the market expectations. The Central didn’t change the policy rate in January after it lowered the interest rate by 500 basis points at the four successive PPK meetings since September 2021. ...
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All eyes on Central Bank’s decision on interest rate
The Central Bank is set to announce its decision on the interest rate for the time this year, with analysts expecting no change in the key policy rate. All economists surveyed by Anadolu Agency predicted that the policy rate will be kept constant at 14%. Foreign financial institutions also expect the bank to keep interest...