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 -134190 pips |
0 +488660 pips |
48.86600 | |
| USDTRY |
|
|
0 -412962 pips |
41.2674 +288 pips |
41.29616 | |
| GBPTRY |
|
|
52.1016 -42264 pips |
0 +563280 pips |
56.32803 |
News (TRY)
Turkish Central Bank Cuts Key Rates Sharply For Second Time
Turkey's central bank slashed its key interest rates for the second straight meeting on Thursday citing slowdown in the underlying trend of inflation. The Monetary Policy Committee of the Republic of Turkey decided to reduce the policy rate to 40.5 percent from 43.0 percent. Previously, the bank had reduced the rate by 300 basis points in July.
RTTNews | 6 days ago
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 | 153 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 | 195 days ago
