Central Bank of Turkey sharply reduces discount rate

Finance
  • 25 July, 2019
  • 11:42
Central Bank of Turkey sharply reduces discount rate

Monetary Policy Committee of the Central Bank of Turkey has reduced the discount rate by 4.25 percentage points from 24% to 19.75%.

On September 13, 2018, the Bank increased the discount rate by 6.25 percentage points from 17.75% to 24%.