Central Bank of Türkiye raises policy rate to 15% with 650 basis point increase
The Monetary Policy Committee of the Central Bank of the Republic of Turkey made the decision to raise the policy rate by 650 basis points, setting it at 15 per cent. Chaired by Central Bank Governor Hafize Gaye Erkan, the committee convened and reached this decision during their meeting.
- Economy
- Agencies and A News
- Published Date: 02:09 | 22 June 2023
- Modified Date: 02:09 | 22 June 2023
The one-week repo auction rate, which serves as the policy rate, has been raised to 15 per cent, marking a significant increase of 650 basis points.
This decision was closely watched by the markets, and the committee deemed it necessary to take this step.
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