Turkish central bank keeps cutting rates despite higher inflation

The Central Bank of the Republic of Turkey reduced interest rates by 50 basis points today (February 19) despite rising inflation, taking real interest rates further into negative territory.

As a result, the one-week repo rate is now at 10.75%. Turkish real interest rates were already negative in January. In that month, the central bank’s monetary policy committee (MPC) cut policy rates to 11.25%, while December’s year-on-year inflation rate was 11.84%.

In January, year-on-year inflation in

You are currently unable to copy this content. Please contact [email protected] to find out more.

Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!