INFO CENTER
22.11.2024

Central Bank Cuts Policy Rate by 15%

The Central Bank of the Republic of Turkey (CBRT) announced that it cut the policy rate by 100 basis points after the Monetary Policy Committee (MPC) held today.

With this decision, the policy rate was cut from 16 percent to 15 percent. After the decision, the Dollar/TL exchange rate broke a new record with 11.29.

The expectation in economic circles was that the interest rate would be cut by 15%. CBRT had also cut the policy rate by 200 basis points to 16% in October.

Info Center