The Central Bank announced that the discount interest rate to be applied in rediscount transactions for bills with a maximum of 3 months until maturity has been increased to 35.75% annually.
The CBRT’s notification regarding changes in rediscount interest rates was published in the Official Gazette.
According to the communiqué, the discount interest rate to be applied in rediscount transactions against bills with a maximum of 3 months remaining until maturity was determined as 35.75% annually, and the interest rate to be applied in advance transactions was determined as 36.75% annually.
While these rates come into force as of today, these rates were previously 30.75% for rediscount discount interest and 31.75% for advance transactions.
Source: Trthaber / Prepared by Irem Yildiz
