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Turkey’s central bank holds interest rates unchanged

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/04/2015 (15:46)
According to media reports, Turkey’s Central Bank kept its main rates unchanged on April 22. The bank’s decision not to change its interest rates was in line with analysts’ expectations, according to a survey by Bloomberg. The bank will reportedly attempt to support the lira through other measures as the dollar remains at historic highs against the lira.

The bank kept its one week repo rate unchanged at 7.50%, its overnight lending rate at 10.75% and its overnight borrowing rate at 7.25%.

Meanwhile, the central bank increased the partial interest payment made to banks for lira reserves by 50 basis points while also lowering its one week rates to commercial banks for foreign currency loans by 50 basis points.
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