Interest rate

According to information, the interest rate will be set close to 0.90%.

Turkey's Central Bank chief on June 2 tried to quash speculation that the bank's Monetary Policy Committee (MPC) will cut interest rates earlier than investors expect.

The new governor told investors in remarks carried by Turkish media that market expectations of an impending rate cut were groundless.

Turkey's central bank held rates steady at 19% as expected on Thursday and dropped a pledge to tighten policy further if needed, in its first decision since President Tayyip Erdogan fired the hawkish former governor and sparked a market selloff.

Turkey's central bank on April 15 held its main interest rate at 19 percent in the first decision since President Recep Tayyip Erdoğan sacked its former governor.

In its fourth Monetary Policy Committee (MPC) meeting under new Governor Şahap Kavcıoğlu, the bank made no changes to its benchmark policy rate - also known as the one-week repo rate- keeping it at 19%.

Erdogan this month fired bank governor Naci Agbal who had increased the country’s policy interest rate by a total of 875

The Board of the National Bank of Romania (BNR) decided today to keep the benchmark interest rate unchanged at 1.25 pct per annum, the central bank said in a release. The monetary authority also decided to maintain the deposit facility rate at 0.75 pct per annum and the lending facility rate (Lombard) at 1.75 pct per annum.

Central banks around the world should not discard negative interest rates policies (NIRP) but instead keep them in their toolkit, even if using such policies is unlikely, the IMF suggested on March 3. 

"NIRP was and remains politically controversial, partly because it is often misunderstood," the global financial body stressed in a new report.

The Turkish Central Bank on Feb. 18 kept the policy rate stable in line with market expectations.

The bank's policy rate - also known as the one-week repo rate - stands at 17 percent, the bank said in a statement, noting that additional monetary tightening would be delivered if needed.

Turkish Central Bank Gov. Naci Ağbal said the economy has lost some pace recently but signs that Turks are shifting toward lira assets suggests a reversal in dollarization may come.

"We are working day and night to achieve lasting price stability," Ağbal told Reuters in an interview.

"We know we are in a difficult period."

The Bank of Canada has decided to maintain its key benchmark interest rate unchanged at 0.25% despite a bleak economic outlook for the next couple of months because it is confident things will get better later in the year.