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The Central Bank of Turkiye did not change the interest rate

The Central Bank of the Republic of Turkiye (CBRT) Monetary Policy Committee (PPK) left the one-week repo auction rate unchanged at 14%.

The Monetary Policy Committee of the Central Bank of the Republic of Turkey convened under the chairmanship of Chairman Sahap Kavcioglu.

At the meeting, it was decided to keep the policy rate constant at 14%.

In the announcement, “Geopolitical risks, the effects of which continued to increase, were realized negatively in the first half and caused the weakening of economic activity in the world.”

Details are coming…

Source: Trthaber / Translated by Irem Yildiz

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