Turkish C.Bank revises overnight borrowing interest rate to 1.50 pc

Turkish Central Bank on Thursday revised down overnight borrowing interest rate to 1.50 percent from 1.75 percent.

Turkish C.Bank revises overnight borrowing interest rate to 1.50 pc

Turkish Central Bank on Thursday revised down overnight borrowing interest rate to 1.50 percent from 1.75 percent.

Also, the bank's Monetary Policy Board increased lending interest rate to 9 percent from 8.75 percent.

The board said in a statement that a strong surge in domestic demand had helped economic activity grow further, adding that it expected a continued drop in inflation.

The board said a lower policy interest rate, a broader interest corridor and higher required reserve ratios would make "an appropriate combination" to maintain and protect price stability.


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Last Mod: 17 Aralık 2010, 10:03
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