turkey\s interest rates left unchanged
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Turkey's interest rates left unchanged

Arab Today, arab today

Arab Today, arab today Turkey's interest rates left unchanged

Ankara - Anadolu

Turkey's Monetary Policy Committee has left its interest rates unchanged after a massive rate hike to defend the lira on January 28.The Monetary Policy Committee (MPC) announced its decision on short-term interest rates on Tuesday, saying it was keeping the overnight interest rates the same, the borrowing rate at 8 percent, the marginal funding rate at 12 percent and the one-week repo rate at 10 percent,The borrowing interest rate for primary dealers such as banks via repurchase transactions was recorded at 11.5 percent.Late liquidity window interest rates (between 4pm – 5pm) were also kept unchanged with the borrowing rate at 0 percent, and the lending rate at 15 percent.The Central Bank more than doubled its borrowing rate from 3.5 percent to 8 percent on January 28 and raised the lending rate from 7.75 percent to 12 percent.- 'Significant improvement'The bank said in a statement that the upside risks on the inflation outlook and the strong and frontloaded monetary tightening delivered at the January interim meeting had contained the adverse impact of such risks on medium-term inflation expectations.“Yet, inflation is expected to increase until June, partly reflecting base effects," the bank said. “The tight monetary policy stance will be maintained until there is a significant improvement in the inflation outlook."The statement also said; “Loan growth continues to slow down in response to the tight monetary policy stance, recent macro-prudential measures and weak capital flows. In line with these developments, the data regarding the first quarter of 2014 indicates some deceleration in private final domestic demand.“Meanwhile, with the help of the recovery in foreign demand, the contribution of net exports to economic growth is expected to increase.”The bank also expects that such a demand composition will support disinflation and lead to a significant improvement in the current account deficit in 2014.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

turkey\s interest rates left unchanged turkey\s interest rates left unchanged

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

turkey\s interest rates left unchanged turkey\s interest rates left unchanged

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday