2 weeks Ago By Qatar Tribune
Qatar tribune QNA Istanbul The Central Bank of Turkiye (CBT) decided Thursday to raise its interest rate by 350 basis points, bringing the one-week repo rate to 46 percent. The CBT explained in a statement Thursday that the decision was taken by the bank’s Monetary Policy Committee during a meeting chaired by CBT Governor Yasar Fatih Karahan, where the interest rate was raised from 42.5 percent to 46percent.
The statement added that the CBT’s tight monetary policy stance mitigated the underlying trend in monthly inflation and strengthened the inflation decline by balancing domestic demand, the lira’s real appreciation, and improved inflation expectations. It indicated that increased coordination of fiscal policy alongside monetary policy has made a significant contribution to strengthening the inflation reduction process, stressing that the tight monetary policy stance will be maintained until a sustained decline in inflation and price stability are achieved. It is worth noting that the CBT lowered its interest rate last March to 42.
5 percent from 45 percent. Copy 20/04/2025 10.
