Turkey’s central bank hikes rates by the most in two years
At the first meeting chaired by newly installed governor Naci Agbal the Bank raises repo rate to 15%
19 November 2020 - 17:33
Istanbul — Turkey’s new central bank governor, Naci Agbal, raised the benchmark interest rate aggressively at his first meeting in a move that strengthened the lira.
The monetary policy committee increased the one-week repo rate to 15% from 10.25% on Thursday — the most in two years — as forecast by most analysts polled by Bloomberg. The central bank said all funding will be provided through the main policy rate...
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