16:19 - 17.03.2022
March 17, Fineko/abc.az. Today, the Central Bank of Turkey has kept the interest rate at weekly repo auctions (short-term loan of funds secured by securities) at the level of 14%.
ABC.AZ reports that in 2021, country’s regulator decided several times in a row to reduce the rate, which led to a record collapse in the value of the Turkish lira.
In November, it slumped almost by a third compared to the level of the beginning of 2021.
