Turkish Central Bank leaves rates unchanged
The bank leaves all key rates on hold at its last monetary policy meeting of the year
ANKARA (AA) - Turkey’s Central Bank kept all rates on hold Tuesday at its last monetary policy meeting of 2016.
The bank left its policy rate known as the one-week repo rate at 8 percent, its overnight lending rate at 8.5 percent, and its overnight borrowing rate at 7.25 percent, according to a press release posted on its website.
Last month the bank hiked its policy rate 50 basis points from 7.5 percent to 8 percent and its overnight lending rate from 8.25 percent to 8.5 percent, while leaving the borrowing rate steady at 7.25 percent.
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