MPC: Still On Hold, As Expected

TURKEY - Report 27 Jul 2017 by Murat Ucer

The Monetary Policy Committee (MPC), as expected, did not alter any of the short-term interest rates at today’s meeting, leaving the Late Liquidity Window rate at 12.25%, the one-week repo rate at 8.0%, and the O/N lending/borrowing rates at 9.25% and 7.25%, respectively (Graph 1).

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