Central Bank of the Republic of Türkiye announces interest rate decision

The highly anticipated interest rate decision was announced.

The Central Bank of the Republic of Türkiye (CBRT) raised the policy rate at its tenth meeting, in line with expectations.

The Monetary Policy Committee decided to raise the policy rate, the one-week repo auction rate, by 500 basis points from 30% to 35%.

CBRT's Monetary Policy Committee had raised the policy rate from 25% to 30% at last month's MPC meeting, above market expectations.