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Turkey's central bank raises lending interest rates

by ChemOrbis Editorial Team -
  • 14/12/2017 (15:59)
Turkey’s Central Bank raised the late liquidity window interest rate (lending rate) by 0.5% to 12.75% as of today, according to a press release.

The overnight borrowing rate remained unchanged at 7.25% and the overnight lending rate at 9.25%.

The Monetary Policy Committee’s decision to tighten the monetary policy stance was attributed to higher inflation levels.

The central bank’s decision was also in line with the US Federal Reserve’s (Fed) decision to hike interest rates.
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