CBRT surprises, bank interest rates soar: Here is the return on 100 thousand liras...
The Monetary Policy Committee (MPC), chaired by Central Bank of the Republic of Turkey (CBRT) Governor Fatih Karahan, raised interest rates by 500 basis points to 50 percent yesterday, contrary to market expectations that they would remain unchanged. Following the decision, there was also an increase in 32-90 day term deposit interest rates at private banks. Here is the monthly return on 100 thousand liras...
The Central Bank of the Republic of Turkey (CBRT) raised the interest rate from 45 percent to 50 percent in a surprise decision.
Following the decision, private banks also began to raise their deposit interest rates. 32-90 day terms rose to as high as 56 percent.
Here are the interest returns offered by banks for 100 thousand TL with a 32-day term:
News Source: 12punto
Most Read
Historic words from Özgür Özel at the CHP group meeting
Air Force Academy student Veli Bilgin has died
Tuncer Bakırhan calls for a framework law
Here are the names that will be in Özgür Özel's new party!
Major crisis in CHP
AKP mayor held responsible
Kılıçdaroğlu's 'controlled' shopkeeper visit
He killed his wife by slitting her throat: Their children witnessed the moments
Güler leaves questions regarding Özgür Özel unanswered
Resignation activity in CHP following Özgür Özel's new party decision