market-update No. 97-2021 Turkish sultanas + raisins
2021-12-16 | Turkish central bank lowers interest rates by 100 basis points down to 14%
Turkish Central Bank on Dec. 16 has lowered the 1-week repo rate by 100 basis points to 14%, in accordance with the market expectations. The Turkish central bank blamed consumer price increases on "developments in exchange rates and supply-side factors such as the rise in global food and agricultural commodity prices, supply constraints, and demand developments."
Turkish Central Bank on Dec. 16 has lowered the 1-week repo rate by 100 basis points to 14%, in accordance with the market expectations. The Turkish central bank blamed consumer price increases on "developments in exchange rates and supply-side factors such as the rise in global food and agricultural commodity prices, supply constraints, and demand developments."