Interest rate increase?

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13roman58
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Interest rate increase?

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Post by 13roman58 »

Turkish central bank has increased the rate to 15% from 10.25%.
I wonder what the banks do here?

EnjoyingTheSun
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Re: Interest rate increase?

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Post by EnjoyingTheSun »

13roman58 wrote:
Thu 19 Nov 2020 2:16 pm
Turkish central bank has increased the rate to 15% from 10.25%.
I wonder what the banks do here?
They are quick enough to reduce interest rates paid so you would expect that they reflect the increase.
Bit like petrol and oil prices ;)

torontomapleleaf
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Re: Interest rate increase?

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Post by torontomapleleaf »

The increase is only on TL. foreign unchanged.
The Mountie always gets his man

EnjoyingTheSun
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Re: Interest rate increase?

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Post by EnjoyingTheSun »

torontomapleleaf wrote:
Fri 20 Nov 2020 6:16 pm
The increase is only on TL. foreign unchanged.
You would think a bit of foreign currency coming in might be attractive but I can see they want to prop up the TL.
Pleased for those who are ‘all in’ on the TL though

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