Turkish Central Bank keeps interest rate stable

Baku. 24 January. REPORT.AZ/ The Turkish Central Bank raised upper band of interest rate corridor to 9.25 pct, and left the policy rate unchanged on Tuesday, in efforts to boost the lira.

Report informs, the monetary policy committee of the bank said the overnight lending rate was being lifted to 9.25 percent from 8.5 percent, the second rate hike since November last year.

As a result, in several minutes USD rate in Turkey climbed by 2,4% from 3,74 TRY/USD to 3,83 TRY/USD. 

Analytical Group of Report News Agency predicts that US-dollar rate will continue to increase up to the next meeting and even may exceed 4,00 TRY/USD, 

At present, 1 USD makes 3,80 TRY in Turkey.