World Bulletin / News Desk
The bank said in a written statement that it would, 'discuss recent developments and take the necessary policy measures for price stability' at the meeting.
The statement said that the decision on the meeting would be announced with a press release to follow.
The US dollar hit a historic high against the Turkish Lira in mid-January, prompting an intervention fromTurkey's Central Bank.
The bank announced it would intervene in the foreign exchange market for the first time in two years by selling dollars.
According to data on the Turkish Central Bank´s website, the treasury sold the five-year fixed bond at 10.95% simple interest and at 11.25% compound interest.
The 10-year CPI indexed bond was sold at 3.59% simple interest and 3.73% compound interest.
The Turkish Treasury will hold two more bond auctions tomorrow.
On Tuesday, 24-month fixed rate bonds with a semiannual, 4.15% coupon rate will be sold with the maturity date scheduled for July 10, 2015.
A 10-year fixed rate bond with a semiannual, 4.40% coupon rate will be sold with the maturity set for September 27, 2023.
On January 10, the credit volume was $476.4 billion, the Banking Regulation and Supervision Agency of Turkey (BDDK) said.
According to the weekly bulletin of the BDDK, overall credits excluding the financial sector totaled $427.5 billion.
Consumer loans decreased by 0.06 percent in a week to $108.8 billion.
The volume of loans by the Turkish banking sector actually increased in terms of Turkish lira, but due to the exchange rate fluctuation, it shows the volume down in dollar terms.