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Central Bank interest rate decision announced! What is the new interest rate?

The Central Bank has announced its interest rate decision for October. Accordingly, the interest rate was kept constant at 50 percent. Thus, the new interest rate is 50 percent. Furthermore, the Central Bank has passed on making any interest rate hikes or cuts for the 7th time this month.

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Central Bank interest rate decision announced! What is the new interest rate?

The Central Bank kept the policy rate constant at 50 percent, in line with market expectations. 

WHAT IS THE NEW CENTRAL BANK INTEREST RATE?

The Central Bank's new interest rate is 50 percent. Thus, the interest rate remained unchanged for the seventh consecutive month. The Central Bank, which passed on the interest rate for the 7th time in a row, did not make any hikes or cuts. 

In its statement, the Committee noted, "Indicators regarding inflation and the underlying trend of inflation will be closely monitored, and the Committee will decisively use all tools at its disposal in line with its main objective of price stability. The Committee will take its decisions within a predictable, data-driven, and transparent framework."


News Source: 12punto

CBRT Central Bank of the Republic of Turkey interest rate