Turkey's Central Bank Monetary Policy Committee to convene today

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)