In September, the Monetary Policy Committee of the Central Bank of Turkey (CBT), decided to change some of their interest rates.

At that time, the lending rate was cut from 9.0% to 8.75%.  They met again yesterday, and decided to keep this rate unchanged.

Here at KTLN, we have always chosen to report on the lending rate, as this is the one that broadly reflects what you can expect to receive on your Turkish lira savings, in the bank.

To see the full array of rates, click here to see the CBT press releases on interest rates. 

Remember that on the KTLN home page (on the right hand side), we have links to the latest savings interest rates on offer from all the banks in Kalkan.

And on the subject of managing the country's finances, there is an interesting article on Todays Zaman online, where the former head of the World Bank praises the way in which the Turkish economy has been managed recently.  Click on the link to read the article: Todays Zaman article