The Central Bank announced that the discount interest rate to be applied in rediscount transactions for bills with a maximum of 3 months remaining until maturity has been increased to 30.75% annually.
The Central Bank’s notification regarding the change in interest rates to be applied in rediscount and advance transactions was published in the Official Gazette.
Accordingly, the discount interest rate to be applied in rediscount transactions against bills with a maximum of 3 months remaining until maturity was determined as 30.75% annually, and the interest rate to be applied in advance transactions was determined as 31.75% annually.
While these rates come into force as of today, these rates were previously 25.75% for rediscount discount interest and 26.75% for advance transactions.
Source: Trthaber / Prepared by Irem Yildiz
