Turkish CB increases the lending rate of interest

Turkish Central Bank pegs the borrowing rate of interest, overnight interest rate, at 3.5 whereas the lending rate of interest was increased 50 points to 7.75

Turkish CB increases the lending rate of interest

World Bulletin / News Desk

Monetary Policy Committee (MPC) of Turkish Central Bank (CB) pegged the borrowing rate of interest, which is overnight interest rate, at 3.5 whereas the lending rate of interest was increased 50 points to 7.75.

MPC also pegged the over week repo rate of interest at 4.50, which also named politic rate of interest.

MPC stated that domestic demand and export had a moderate growth according to their consideration.

According to the statement of MPC, the current account balance would be affected positively within the support of required precautions and macro economic measures.

MPC announced that they have expected the decreasing of inflation rate after August 2013.

 

Güncelleme Tarihi: 20 Ağustos 2013, 17:57
YORUM EKLE