Turkey's central bank resorts to old tactics to raise rates - ConsultFX

Turkey's central bank resorts to old tactics to raise rates

Is the CBRT going behind Erdogan's back? here The 1-week repo rate is currently at 17.75% and after not opening the auction yesterday, the average funding cost for banks rose to 18.14% (or up 39 bps). But as of today's close, the average funding cost is set to rise to 19.25% (up 150 bps) according to local