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Turkey MPC Meeting Summary
Interest rates on government bonds are decided by the Monetary Policy Committee of the Central Bank of the Republic of Turkey (TCMB). From June 1st, 2018, the one-week repo rate started to serve as the primary interest rate, with the overnight borrowing and lending rates set at a level 150 basis points below or above the one-week repo rate. The central bank optimized its monetary policy framework on May 28th, 2018, moving away from a different system that had four main key rates, with the late liquidity window loan rate being one of the most closely observed of the four important rates.
Forex Sentiment (TRY)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURTRY |
|
|
35.4470 -109662 pips |
46.6508 -2376 pips |
46.41323 | |
| USDTRY |
|
|
0 -406569 pips |
40.5934 +635 pips |
40.65687 | |
| GBPTRY |
|
|
52.1016 -15567 pips |
0 +536583 pips |
53.65827 |
News (TRY)
Turkey Unexpectedly Lifts Rate By 350 Bps
The Turkish central bank raised its key interest rate in a surprise move on Thursday, reversing the sharp easing cycle that began last December, and also expressed preparedness to keep the policy tight. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to raise the policy rate to 46.0 percent from 42.5 percent.
RTTNews | 105 days ago
Turkey Central Bank Slashes Rate By 250 Bps
Turkey's central bank lowered its benchmark rate for the third straight time on Thursday as the underlying trend of inflation softened. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to reduce the policy rate to 42.5 percent from 45.0 percent, as widely expected. The bank had reduced the rate by 250 basis points each in December and January.
RTTNews | 147 days ago
Turkey Central Bank Slashes Rate For Second Straight Time
Turkey's central bank slashed its benchmark rate by 250 basis points for the second straight meeting on Thursday as inflation slowed more sharply towards the end of 2024. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, headed by Yasar Fatih Karahan decided to cut the policy rate to 45.0 percent from 47.5 percent.
RTTNews | 189 days ago
