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Turkey Overnight Borrowing Rate

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Turkey Overnight Borrowing Rate

Frequency

Delivery Method

Website popup

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Status

 
Latest Release
Mar 21, 2024
Actual
47.00%
Previous
43.50%
The overnight rate is the rate at which large banks borrow and lend from one another in the overnight market. The overnight rate is the lowest available interest rate, and as such, it is only available to the most creditworthy institutions.
A higher than expected reading should be taken as positive/bullish for the TRY, while a lower than expected reading should be taken as negative/bearish for the TRY.
Importance:
Country:
Currency: TRY
Source: Central Bank of the Republic o...
Turkey Overnight Borrowing Rate
 
Release Date Time Actual Forecast Previous
Apr 25, 2024 (Apr) 13:00     47.00%
Mar 21, 2024 (Mar) 13:00 47.00%   43.50%
Feb 22, 2024 (Feb) 13:00 43.50%   43.50%
Jan 25, 2024 (Jan) 13:00 43.50%   41.00%
Dec 21, 2023 (Dec) 13:00 41.00%   38.50%
Nov 23, 2023 (Nov) 13:00 38.50%   33.50%

News

Turkey Cuts Key Rate by 1% Despite Having 80% Inflation
Turkey Cuts Key Rate by 1% Despite Having 80% Inflation By Investing.com - Aug 18, 2022

By Geoffrey Smith Investing.com -- Turkey's central bank cut its key interest rate by a full percentage point on Thursday despite the country suffering 80% inflation. In a statement accompanying the...

Dollar Edges Lower; Euro Gains Ahead of ECB Meeting
Dollar Edges Lower; Euro Gains Ahead of ECB Meeting By Investing.com - Jul 21, 2022

By Peter Nurse Investing.com - The U.S. dollar edged lower while the euro bounced in early European trade Thursday, with risk sentiment boosted by the resumption of Russian gas flows to Western Europe...

Overnight Borrowing Rate Discussion

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