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Turkish central bank

International
Turkish Central Bank Shocks Markets with 500 Basis Point Rate Surge to Tackle Inflation

by Hamza Irshad November 23, 2023

by Hamza Irshad November 23, 2023

The Central Bank of Turkey announced a surprising move by raising the one-week repo auction rate (policy rate) by a substantial 500 basis points, elevating it from 35% to 40%. …
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Saudi Arabia depositing $5 billion in Turkish central bank to support forex reserves

by Umar Sohail November 23, 2022

by Umar Sohail November 23, 2022

Saudi Arabia has shown its willingness to deposit $5 billion in the Turkish central bank to support the forex reserves of Turkiye. A Saudi Ministry of Finance spokesperson today said …

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Turkish central bank

Turkish Central Bank Shocks Markets with 500 Basis Point Rate Surge to Tackle Inflation

Saudi Arabia depositing $5 billion in Turkish central bank to support forex reserves

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