CBRT adjusts the TRY swap rate to the policy rate again

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%. (Tera Yatırım)

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

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