NEWS Finance        20/11/2020

Turkish Central Bank raises swap rate to 15% in line with its new main policy rate

The Turkish Central Bank has today raised the interest rate in its lira swap operations by 175 basis points from 13.25% to 15%, following its hike of one week repo policy interest rate by 475 basis points from 10.25% to 15% on November 19th.  

 

The Bank had previously increased the swap rate from 10.25% to 11.75% on October 9th, following the increase in its one week repo policy interest rate by 200 basis points to 10.25% on September 24th, and from 11.75% to 13.25% on November 3rd.                  



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