{"id":34415,"date":"2020-09-24T15:30:58","date_gmt":"2020-09-24T11:30:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=34415"},"modified":"2020-09-24T15:52:46","modified_gmt":"2020-09-24T11:52:46","slug":"turkey-cbrt-increases-policy-rate-by-200-basis-points-to-10-25","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkey-cbrt-increases-policy-rate-by-200-basis-points-to-10-25\/09\/24\/market-updates\/","title":{"rendered":"Turkey: CBRT increases policy rate by 200 basis points to 10.25%"},"content":{"rendered":"\n<p>The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it raised its policy (one-week repo) rate by 200 basis points to 10.25%. <\/p>\n\n\n\n<p>In its policy statement, the CBRT noted that it looks to restore the disinflation process and support price stability with the decision to hike the policy rate.<\/p>\n\n\n\n<p> &#8220;Demand-driven disinflationary effects were expected to become more prevalent,&#8221; the CBRT said in its policy statement.<\/p>\n\n\n\n<p>Only three of the 17 experts polled by Reuters had expected the central bank to raise interest rates today.<\/p>\n\n\n\n<p>The Lira rose to 7.5600 against the dollar after the interest rates were announced, from about 7.71 before that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it raised its policy (one-week repo) rate by 200 basis points to 10.25%. In its policy statement, the CBRT noted that it looks to restore the disinflation process and support price stability with the decision to hike the policy rate. &#8220;Demand-driven disinflationary &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,36],"tags":[7121,7095],"class_list":["post-34415","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-market-updates","tag-lira","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=34415"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34415\/revisions"}],"predecessor-version":[{"id":34420,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/34415\/revisions\/34420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34416"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=34415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=34415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=34415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}