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10% increase in interest rates from the Central Bank!

According to the statement made by the Central Bank Administration Center, the interest rate applied to Turkish Lira deposit accounts subject to interest at the Central Bank, regardless of their maturity, was increased from 36.00 percent to 46.00 percent annually.

The discount interest rate to be applied in the rediscount transactions to be carried out by the Central Bank in return for commercial bills issued in Turkish Lira will be increased from 50.00 percent to 60.00 percent annually, and the discount interest to be applied in the rediscount transactions to be made in return for the industrial, export, tourism, education and agricultural sector bills. rates will increase from 42.75 percent to 52.75 percent annually, the discount interest rate for small trades bills will increase from 40.75 percent to 50.75 percent annually, and the interest rate for advance transactions against foreign currency will increase from 42.00 percent to 52 percent. increased to .00.

These new rates will come into force from tomorrow.

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