Central Bank announces highly anticipated September interest rate decision: Held steady at 50 percent
The Central Bank has kept the interest rate steady at 50 percent this month, just as it did last month.
The Central Bank of the Republic of Turkey (TCMB) has once again made no move on its policy rate.
The Central Bank did not make any changes to the interest rate, keeping it steady at 50.00%.
As a result of the tightening process that has been ongoing since June following last year's general elections, the TCMB had raised its policy rate by 4,150 basis points, with the last increase occurring in March.
After peaking at an annual rate of 75.45% in May, inflation began to decline due to the policy shift and the contribution of the base effect, coming in at 51.97% in August.
The last time the TCMB lowered the interest rate was in November 2022.
News Source: 12punto
Most Read
Striking picture for Özgür Özel's 'New Party'
The PKK opening and Özgür Özel’s path!..
How did the newspapers view Özgür Özel's farewell to the CHP?
He killed his wife by slitting her throat: Their children witnessed the moments
What did the CHP do?
Özel’s new party move in the world press
Kılıçdaroğlu's first message on Özgür Özel's new party announcement
The New CHP, against CEHAPE
Zeydan Karalar's decision on the New Party
From self-efficacy to despair