tcmb decision, 2016-05-20
Accordingly, to be effective from 1 July 2016, for the credit card borrowings, the monthly maximum contractual interest rate will be 2.02 percent for the Turkish lira and 1.62 percent for foreign exchange transactions, whereas the monthly maximum overdue interest rate will be 2.52 percent for the Turkish lira and 2.12 percent for foreign exchange transactions.
Sentiment: neutral
Topic: mp_interest_rate