Central Bank of Turkey Republic ( CBT ), announced the highly anticipated July interest rate decision. The decision came in line with expectations and the policy rate was kept constant at 14 percent. Thus, the Monetary Policy Committee (PPK) kept the interest rate constant in the first six interest rate meetings of 2022.
21 Temmuz 2022 Tarihli PPK Kararı: 1 hafta vadeli repo ihale faiz oranı sabit tutuldu. pic.twitter.com/gRwIIamxyC
— Merkez Bankası (@Merkez_Bankasi) July 21, 2022
Central Bank May 2022 Interest Rate Decision: Fixed at 14 percent
While the rise in the dollar continued, the eyes were turned to the interest rate decision of the central bank. Economists had predicted that the interest rate would be kept constant at 14 percent at the Central Bank Monetary Policy Committee (PPK) meeting in July. The decision was also within expectations, and the interest rate was announced as fixed at 14 percent.
