Central Bank kept policy rate unchanged

The Monetary Policy Committee of the Central Bank of the Republic of Turkey kept the one-week repo auction interest rate, the policy rate, unchanged at 19%.

According to the announcement made by the Central Bank of the Republic of Turkey, the Monetary Policy Committee (MPC) decided to keep the policy rate, the one-week repo auction interest rate, unchanged at 19 percent.

The Monetary Policy Committee, which convened under the chairmanship of Central Bank Governor Şahap Kavcıoğlu, emphasized that the global economy, which contracted sharply in 2020, continued to recover due to supportive policies and positive developments in the vaccination process, and that the acceleration in manufacturing industry activity and global trade was decisive in this recovery process.

It was also noted that the upward trend in commodity prices has lost momentum, but the effects of rising global inflation expectations on international financial markets remain significant.

Info Center