Friday, October 15, 2010

Turkish Central Bank held rate at 7%

The Central Bank of the Republic of Turkey kept its one-week repo lending rate at 7.00% for the 11th month.

The bank also reduced the overnight borrowing interest rate 50bps from 6.25% to 5.75% and held the lending rate at 8.75%.

See announcement: http://www.tcmb.gov.tr/yeni/announce/2010/ANO2010-33.pdf

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