Interest rate

Central banks should not rule out negative rates: IMF

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.

Central Bank chief aims for lasting price stability

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."

Three-month T-bill issue posts record low interest rate

The Public Debt Management Agency (PDMA) announced on Tuesday it had auctioned 13-week treasury bills at a record-low interest rate.

PDMA raised 812.5 million euros, against an original plan for €625 million, as the issue was almost twice oversubscribed (the coverage ratio reached 1.95) and the interest rate secured came to minus 0.32%.

Survey forecasts no change in interest rates

Turkey's Central Bank is expected to keep interest rates unchanged next week, according to an Anadolu Agency survey on Aug. 14. 

The eighth monetary policy committee (MPC) meeting of this year will be held on Thursday (Aug. 20) to announce the bank's decision on interest rates.

A majority of 22 economists surveyed by Anadolu Agency forecast no change in interest rates.

Turkish Treasury borrows $471 mln through auction

The Turkish Treasury borrowed 3.2 billion Turkish liras ($471 million) from domestic markets on June 8, said an official statement.

The Treasury and Finance Ministry announced the fixed coupon bonds (semiannually, reopen) were sold in an auction.

The government bonds will be settled on June 10 and mature on May 5, 2022.

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