Central Bank of Türkiye keeps discount rate at 50%

The Central Bank of Türkiye kept the discount rate at 50%, Report informs, citing the regulator.

Türkiye's Central Bank raised the discount rate for the first time in more than two years from 8.5% to 15% in June last year, after which it regularly revised it upward. In March, the regulator increased it from 45% to 50%.