MPC Keeps Rates on Hold

TURKEY - Report 20 Dec 2016 by Murat Ucer

Contrary to the consensus forecast of an already fairly modest 25 bps hike of the O/N lending rate, the Monetary Policy Committee (MPC) chose instead to stay on hold at today’s meeting, keeping the O/N lending and borrowing rates at 8.5% and 7.25%, respectively, and the one-week repo rate at 8% (Graph 1).

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.