The Central Bank’s Monetary Policy Committee (PPK) has decided to keep the policy rate (one-week repo auction rate) constant at 9% in line with market expectations. However, the bank removed the expression that “the current policy rate is adequate” from the PPK statement this month. Here is the PPK statement: “Although recently released data point...
Tag: Türkiye
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Central Bank keeps interest rate steady at 9%
The Central Bank’s Monetary Policy Committee (PPK) has decided to keep the policy rate (one-week repo auction rate) constant at 9% in line with market expectations. The bank cut the interest rate by 150 basis points to 9% and decided to end the rate cut cycle, at the previous PPK meeting. Here is the PPK...