Turkey's Central Bank Monetary Policy Committee to convene today
The Monetary Policy Committee (MPC) meeting will be held on Wednesday to announce the Central Bank’s decision on interest rates.
The bank, which was raised the one-week repo rate — the rate by which it lends to commercial banks — by 200 basis points to 19 percent last month, is not expected to change interest rates.
The Monetary Policy Committee (MPC) is the decision-making body for monetary policy under the inflation targeting regime.
The MPC is made up of the Governor, Deputy Governors, a member appointed from among the members of the Board, and another member appointed by a joint decree upon recommendation of the Governor.
The Undersecretary of Treasury or a Deputy Undersecretary authorized by the Undersecretary can attend the meetings without voting capacity.