Following the policy decision, which the Central Bank raised the policy rate by 475 basis points and established it as the sole funding instrument; TRY interest rate used in USDTRY swap auctions increased from 13.25% to 15%. During the period when the policy rate was ineffective, the TRY swap rate was 13.25%, the former late liquidity lending rate before October 22 MPC meeting.
As of today, the Central Bank, which will start 1-week repo funding, has thus re-equalized the interest of swap transactions, which the funding has provided, to the 1-week repo rate.
Kaynak Tera Yatırım
Hibya Haber Ajansı