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Turkey’s central bank keeps interest rates steady

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/09/2015 (15:21)
Turkey’s central bank kept its benchmark interest rate stable on September 22, according to media reports.

The bank kept the one-week repo rate at 7.50% and the overnight lending rate at 10.75%, while the borrowing rate remained at 7.25%. Meanwhile, the bank kept the overnight lending rate used in the Interbank Money Market unchanged at 12.25%.

The central bank reported that a tight monetary policy will remain in place as long as necessary due to the effects of uncertainties in local and global markets.
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