DislikedTURKISH CENTRAL BANK The Monetary Policy Committee (the Committee) has decided to adjust the short term interest rates as follows: a) Overnight Interest Rates: Marginal Funding Rate is increased from 7.75 percent to 12 percent, borrowing rate from 3.5 percent to 8 percent, and the interest rate on borrowing facilities provided for primary dealers via repo transactions from 6.75 to 11.5 percent. b) One-week repo rate is increased from 4.5 percent to 10 percent. c) Late Liquidity Window Interest Rates (between 4:00 p.m. – 5:00 p.m.): Borrowing rate...Ignored
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