tcmb decision, 2004-02-05
the interest rate applicable to one-week-maturity foreign exchange deposits provided for banks within their borrowing limits in the Central Bank Foreign Exchange and Effective Markets, which was cut to 6 percent from 12 percent, as a measure intended to minimize the unfavorable impacts of military operation against Iraq in March 2003 on our markets, was raised to 10 percent in the light of favorable developments in foreign exchange liquidity of banks and their efficient liquidity management.
Sentiment: neutral
Topic: mp_interest_rate