The Central Bank of Turkey kept the discount rate at 50%, the regulator said in a statement after the Monetary Policy Council meeting. “The Monetary Policy Council has decided to maintain the discount rate (weekly repo auction rate) at 50%“, the administration added.
Turkey's central bank in June 2023 raised the discount rate for the first time in more than two years from 8.5% to 15%, then regularly revised it upwards. In March, the regulator increased it from 45% to 50%.