Central Bank raises foreign exchange free reserve interest

The Central Bank of the Republic of Turkey (CBRT) increased the interest paid to foreign currency free reserves by 25 basis points.

The interest paid to the foreign currency free reserves held by the bank from 4.50 percent to 4.75 percenttook it out.

The US Federal Reserve increased its policy rate by 25 basis points at its meeting in the beginning of May.

Related Articles

Leave a Reply

Your email address will not be published.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

Back to top button