...

‘Turkish Central Bank Sets Short-Term Interest Rates’

Business Materials 17 December 2010 15:54 (UTC +04:00)
The Monetary Policy Committee (the Committee) has decided to set the short-term interest rates as follows:

Azerbaijan, Baku, Dec.17 / Trend, A.Akhundov /

The Monetary Policy Committee (the Committee) has decided to set the short-term interest rates as follows:

a) One-week repo rate (the policy rate) was reduced from 7 percent to 6.5
percent.

b) Overnight Interest Rates: Borrowing rate was reduced from 1.75 percent to 1.50 percent, while lending rate was increased from 8.75 percent to 9 percent.

The interest rate on borrowing facilities provided for primary dealers via repo transactions was increased from 7.75 percent to 8 percent.

c) Late Liquidity Window Interest Rates (between 4:00 p.m. - 5:00 p.m.):

Borrowing rate was kept at 0 percent, while lending rate was increased from 11.75 percent to 12 percent.

Tags:
Latest

Latest