TCMB - Press Release on the Operational Framework of the Monetary Policy (2018-21)
Central bank: tcmb | Type: decision | Date: 2018-05-28

Press Release on the Operational Framework of the Monetary Policy (2018-21)
No: 2018-21
28 May 2018
Press Release on the Operational Framework of the Monetary Policy
The CBRT has decided to complete the simplification process regarding the operational framework of the monetary policy.
Accordingly,
One-week repo rate will be the policy rate of the Central Bank. This rate will be equal to the current funding rate (16.50%).
Central Bank overnight borrowing and lending rates will be determined at 150 basis points below/above the one-week repo rate.
The new operational framework will take effect on 1 June 2018.
Technical details will be announced.
Related Link
Technical Details Regarding the New Operational Framework of the Monetary Policy and the Transition Period
Press Release on the Operational Framework of the Monetary Policy (2018-21)