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The Central Bank of Turkey kept the main interest rate at 50%

Apr 25, 2024 14:37 136

The Central Bank of Turkey kept the main interest rate at 50%  - 1

The Central Bank of Turkey kept the discount rate at 50%, the regulator said in a statement after the Monetary Policy Council meeting. “The Monetary Policy Council has decided to maintain the discount rate (weekly repo auction rate) at 50%“, the administration added.

Turkey's central bank in June 2023 raised the discount rate for the first time in more than two years from 8.5% to 15%, then regularly revised it upwards. In March, the regulator increased it from 45% to 50%.