Turkish central bank hikes key interest rate to 46% from 42.5%
Turkiye’s central bank has raised the one-week repo auction rate from 42.5 per cent to 46 per cent, the overnight lending rate from 46 per cent to 49 per cent and the overnight borrowing rate from 41 per cent to 44.5 per cent. Leading indicators point to a level of domestic demand above projections despite some loss of momentum in the first quarter, suggesting a lower disinflationary impact.
Turkiye’s central bank has raised the one-week repo auction rate from 42.5 per cent to 46 per cent, the overnight lending rate from 46 per cent to 49 per cent and the overnight borrowing rate from 41 per cent to 44.5 per cent.
Leading indicators point to a level of domestic demand above projections despite some loss of momentum in the first quarter, suggesting a lower disinflationary impact.
