Turkish Central Bank says Central Bank overnight borrowing and lending rates will be determined at 150 basis points below/above the one-week repo rate

Market news

28 May 2018

Turkish Central Bank says Central Bank overnight borrowing and lending rates will be determined at 150 basis points below/above the one-week repo rate

This rate will be equal to the current funding rate (16.50%)
One-week repo rate will be the policy rate of the central bank
Has decided to complete the simplification process regarding the operational framework of the monetary policy
The new operational framework will take effect on 1 june 2018

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