The Central Bank of the Republic of Turkiye (CBRT) Monetary Policy Committee (MPC) increased the one-week repo auction interest rate, which is the policy rate, by 250 basis points to 45%.
In the statement of the Monetary Policy Board of the Central Bank of the Republic of Turkiye, “The Board evaluated that the level of monetary tightness necessary for the establishment of disinflation has been reached and this level will be maintained as long as necessary.”
Source: AA / Prepared by Irem Yildiz
