Turkish Central Bank leaves rates unchanged

The bank leaves all key rates on hold at its last monetary policy meeting of the year

Turkish Central Bank leaves rates unchanged

World Bulletin / News Desk

Turkey’s Central Bank kept all rates on hold Tuesday at its last monetary policy meeting of 2016.

The bank left its policy rate known as the one-week repo rate at 8 percent, its overnight lending rate at 8.5 percent, and its overnight borrowing rate at 7.25 percent, according to a press release posted on its website.

Last month the bank hiked its policy rate 50 basis points from 7.5 percent to 8 percent and its overnight lending rate from 8.25 percent to 8.5 percent, while leaving the borrowing rate steady at 7.25 percent.

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Last Mod: 20 Aralık 2016, 14:32
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