Turkey's Central Bank Monetary Policy Committee to convene today
The Monetary Policy Committee (MPC) meeting will be held on Thursday to announce the Central Bank’s decision on interest rates.
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The Monetary Policy Committee are expected to rise the bank’s policy rate.
On November 19, the Monetary Policy Committee (MPC) decided to increase the policy rate (one-week repo auction rate) from 10.25 percent to 15 percent to restore the disinflation process and support price stability.
The Monetary Policy Committee (MPC) is the decision-making body for monetary policy under the inflation targeting regime.
The MPC is made up of the Governor, Deputy Governors, a member appointed from among the members of the Board and another member appointed by a joint decree upon recommendation of the Governor.
The Undersecretary of Treasury or a Deputy Undersecretary authorized by the Undersecretary can attend the meetings without voting capacity. (ILKHA)
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