Last Minute Update: Interest Rate Decision from Central Bank – Breaking News
The Central Bank of the Republic of Turkey (CBRT) has announced its decision on the monetary policy, stating that the lending interest rate will be increased to 46 percent in the short term. The decision was made during a meeting of the Monetary Policy Committee, chaired by Yaşar Fatih Karahan, to evaluate the developments in the financial markets and the potential risks they pose in terms of inflation.
The Board also decided to maintain the policy interest rate at 42.5 percent for one week, while keeping the borrowing interest rate at 41 percent in the short term. Measures have been implemented to ensure liquidity for both Turkish Lira and foreign exchange to limit market volatility.
The statement released by the Central Bank highlighted the importance of maintaining an effective functioning of financial markets and indicated that the monetary policy stance will be tightened in case of significant and permanent deterioration in inflation. The decisions made by the Board are aimed at providing a predictable, data-oriented, and transparent framework for the financial markets.
Furthermore, the Central Bank has committed to publishing details of the Monetary Policy Board meetings within five working days, reinforcing the transparency and accountability of its decisions. Stay tuned for more updates on the latest developments in the financial markets.
