KTLN on Facebook
Your Comments
I am an addict to your site and told people about it when I was on holiday.
KTLN Statistics
We have 226 guests and
40 members online (266),
281 members visted today.
Most users online
Friday 17th December 2010 11:20am
Guests:2485 Members:127 (2612)
Daily Usage
Monday 31st January 2011
Most Members in a Day:531
KTLN Membership
New Members in last 30 Days: 291
Total Members:5536
| Central Bank of Turkey interest rate announcement |
 |
 |
 |
| Friday, 21 January 2011 |
|
Share
In a move that suprised the markets, their policy rate (one week repo rate), was reduced from 6.5% to 6.25. This reaffirms that a low interest rate environment, (historically speaking), is going to be with us for a while, in Turkey. The CBT lending rate, which we have tended to report on KTLN, is unchanged at 9%. Following the announcement, the Turkish lira weakened against major currencies. For tourists, and retired expats who receive their income in sterling, this is good news, as you will get more Turkish lira for your pound. The rate is getting close to 2.5. If you would like to see the full announcement from the CBT, (in English), click on this link to read the Press Release on Interest Rates. If you want to know what the banks in Kalkan are currently offering savers, look on the right hand side of the KTLN home page, where you will find the relevant links. KTLN - your window on Kalkan Turkey. Katie-Ellen |
| Last Updated on Friday, 21 January 2011 |
The Monetary Policy Committee of the Central Bank of Turkey (CBT), met on Thursday 20th January, to determine interest rates.