Liquidity adjustment facility

Türkiye's Central Bank has decided to keep its policy rate -one-week repo auction rate- unchanged at 8.5 percent.

In a widely expected move, the Central Bank decided to keep its policy rate, the one-week repo rate, unchanged at 14 percent on June 23. 

For the last time, the bank cut the key rate by 100 basis points from 15 percent in December last year.

Turkish, Economy, Interest Rates,

The Central Bank of Turkey on April 22 reduced its one-week repo rate 100 basis points.

The bank's policy rate -- also known as the one-week repo rate -- fell to 8.75% from 9.75%.

The decision came in a statement from the bank's Monetary Policy Committee (MPC) meeting -- the fourth of twelve meetings scheduled for 2020.

Addressing concerns of the fallout from coronavirus, in an extraordinary meeting on March 17 the Turkish Central Bank Monetary Policy Committee (MPC) cut its policy rate from 10.75 to 9.75.

The bank was set to meet on March 19, but with fears of the virus mounting, and cases climbing worldwide, the meeting was moved up.

The Turkish Central Bank on Sept. 12 lowered its one-week repo rate 325 basis points.

The Central Bank of Turkey slashed its policy rate (one-week repo auction rate) by 425 basis points to 19.75 percent from 24 percent.

The Central Bank of Turkey (CBRT) on June 17 decided to provide primary dealer banks with a liquidity facility within the framework of open market operations.

The Turkish Central Bank on Jan. 16 kept its one-week repo rate - also known as the policy rate - constant at 24 percent.

The Turkish Lira has rallied after Murat Çetinkaya kicked off his first meeting as Central Bank governor on April 20 by trimming the top end of the Bank's interest rate corridor by 50 basis points, in line with expectations. 

The lira bounced to around 2.81 against the U.S. dollar from 2.83 after the Bank announced its rate decision. 

The Central Bank announced on March 24 that it would hold key interest rates at their current levels, apart from the marginal funding rate.