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Central Bank of the Republic of Turkey (CBRT), the BIST Repo-Reverse Repo Market at night allows a limited amount of funds that exceed the interest rate is still adjustment steps to be reset today.
According to information obtained by the AA correspondent, the CBRT continues to tighten monetary policy. In this context, the Bank continues to adjust the funds it has provided in the BIST Repo-Repo Repo market to a limited amount above the interest rate of overnight loans, reducing to zero today.
As part of the steps taken, banks are expected to be directed to the Late Liquidity Window (GLP) in certain amounts, and this step will allow the weighted average funding rate and BIST repurchase rates to increase rapidly.
At the Inflation Report press conference, CBRT Chairman Murat Uysal stated that weighted average funding is on an upward trend. In this context, it is observed that the CBRT continues its adjustment steps steadily.
