Back
23 Jun 2015
CBRT keeps rates unchanged
FXStreet (Edinburgh) - The Turkish central bank (CBRT) has left its monetary policy unchanged at today’s policy meeting.
In fact, the Committee left the short term rates intact, with the Marginal Funding Rate at 10.75%, the Borrowing Rate at 7.25% and the One-week repo rate at 7.50%.
The central bank has justified today’s cautious decision in the higher uncertainty in the global markets and the volatility in domestic prices. In addition, it has also argued that “ Inflation expectations, pricing behavior and other factors that affect inflation will be monitored closely and the cautious monetary policy stance will be maintained, by keeping a flat yield curve, until there is a significant improvement in the inflation outlook”.
In fact, the Committee left the short term rates intact, with the Marginal Funding Rate at 10.75%, the Borrowing Rate at 7.25% and the One-week repo rate at 7.50%.
The central bank has justified today’s cautious decision in the higher uncertainty in the global markets and the volatility in domestic prices. In addition, it has also argued that “ Inflation expectations, pricing behavior and other factors that affect inflation will be monitored closely and the cautious monetary policy stance will be maintained, by keeping a flat yield curve, until there is a significant improvement in the inflation outlook”.