The Central Bank increased the interest rates on rediscount and advances transactions

TCMB

The Central Bank of the Republic of Turkey (CBRT) made changes to the interest rates applied on rediscount and advances transactions.

The Central Bank increased the interest rates applied on rediscount and advances transactions, effective from June 24th. According to the Central Bank regulation published in the Official Gazette on June 24th, the discount interest rate applied on rediscount transactions for bills with a remaining maturity of up to 3 months was raised from 9.75% per annum to 15.75% per annum. Additionally, the interest rate applied on advances transactions was increased from 10.75% per annum to 16.75% per annum.

Leave a Reply

Your email address will not be published. Required fields are marked *