Decline in Exchange Rate Protected Deposits

Exchange Rate Protected Turkish Lira Deposits and Participation Accounts (ERPD) decreased by 16 billion 202 million liras last week, reaching 728 billion 91 million liras. According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the total loan volume of the banking sector increased by 283 billion 550 million liras to […]

Interest rate cut from the European Central Bank

The European Central Bank (ECB) reduced the three key policy rates by 25 basis points, in line with market expectations. The ECB lowered the main refinancing rate to 2.40%, the deposit rate to 2.25%, and the marginal lending rate to 2.65%. According to the ECB, the process of decreasing inflation is progressing well, with both […]

Portrait of Gaza: Winner of the “Press Photo of the Year” Award

The “Press Photo of the Year” award found its recipient in 2025 as well. Samar Abu Elouf, a photographer for the New York Times, won the award with a portrait of a Gazan child who lost his arms in the war. The jury commented on the winning photo for 2025 as “a quiet photo that […]

What was the Central Bank’s interest rate decision, percentage? Did the Central Bank cut interest rates? (2025 CBRT April MPC interest rate decision)

The Central Bank of the Republic of Turkey (CBRT) announced its interest rate decision for April. The CBRT, which will hold 8 Monetary Policy Committee meetings this year instead of 12, announced the first interest rate decision of the year in January, reducing the rate by 250 basis points to 45%. Revealing the second interest […]

Decline in Central Bank Reserves

The reserves of the Central Bank declined by $6.773 billion last week, dropping to $147.488 billion. The Central Bank of the Republic of Turkey (CBRT) released its weekly monetary and banking statistics. As of April 11th, the Central Bank’s gross foreign exchange reserves decreased by $9.831 billion to $68.7 billion. Gross foreign exchange reserves were […]

Trump Reacts to Fed’s Interest Rate with Criticism Towards Powell

President Trump criticized Federal Reserve Chairman Powell for not lowering interest rates, expressing his desire for Powell’s tenure to end. President Trump took to the social media platform Truth Social to comment on the Federal Reserve’s interest rate policy following Powell’s statement yesterday. Trump, who had previously stated several times that the Fed should lower […]

Joint Airstrikes by US and Somalia Target Al-Shabaab: 12 Dead

An announcement from Somalia stated that in the airstrikes conducted jointly with the US, 12 members of Al-Shabaab were killed, including high-ranking individuals. In the East African country of Somalia, the government disclosed that they had carried out airstrikes against the Al-Qaeda-linked Al-Shabaab in the country’s central regions in collaboration with the US. It was […]

What was the Central Bank’s interest rate decision, percentage-wise? Did the Central Bank lower interest rates? (April 2025 CBRT Monetary Policy Committee interest rate decision)

The Central Bank of the Republic of Turkey (CBRT) announced its interest rate decision for April. The CBRT, which will hold 8 Monetary Policy Committee meetings this year instead of 12, previously announced the first interest rate decision of the year in January, reducing the rate by 250 basis points to 45 percent. In March, […]

Current situation in the dollar and euro after the interest rate decision

The Central Bank raised its policy interest rate to 46 percent. Here is the current situation in the dollar and euro after the interest rate decision… Following the interest rate hike decision by the Central Bank, there was no significant change in the exchange rates. The USD/TRY traded around 38.10, while the EUR/TRY traded at […]

Central Bank announces interest rate decision

The Central Bank of the Republic of Turkey (CBRT) has raised the policy rate by 350 basis points to 46 percent. Expectations were that the policy rate would remain stable at 42.5 percent. Additionally, the Board increased the overnight borrowing rate by 300 basis points, from 46 percent to 49 percent. The overnight lending rate […]