Central Bank Reduces Interest Rates

ANKARA - The Central Bank reduced short-term interest rates valid in Interbanks Monetary Market, Istanbul Stock Exchange (IMKB) and Repo-Reverse Repo Market 3 points as of Thursday.
Releasing a statement, the Central Bank said that overnight borrowing interest rate was decreased from 32 percent to 29 percent and overnight lending interest rate was reduced from 38 percent to 35 percent. One week borrowing interest rate was reduced from 32 percent to 29 percent.
The statement added that stability in foreign exchange rates and decrease in inflation gave positive signals.
(EÖ-AÖ) 18.09.2003