The Central Bank of the Republic of Turkey (CBRT)

Turksih Central bank cuts upper band of interest rates

The Central Bank of the Republic of Turkey (CBRT) cut the upper band of the interest rate corridor (the marginal funding rate) by another 25 points to 8.75 percent in line with markets' expectations on Tuesday, while it held the policy rate (one-week repurchase agreement rate) and the lower band of the corridor (borrowing rate) at 7.50 percent and 7.25 percent, respectively, Daily Sabah reported.
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