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Turkey Overnight Lending Rate

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Turkey Overnight Lending Rate

Frequency

Delivery Method

Website popup

Mobile App notifications

Status

 
Latest Release
Mar 21, 2024
Actual
53.00%
Previous
46.50%
The overnight rate is the rate at which large banks borrow and lend from one another in the overnight market. The overnight rate is the lowest available interest rate, and as such, it is only available to the most creditworthy institutions.
A higher than expected reading should be taken as positive/bullish for the TRY, while a lower than expected reading should be taken as negative/bearish for the TRY.
Importance:
Country:
Currency: TRY
Source: Central Bank of the Republic o...
Turkey Overnight Lending Rate
 
Release Date Time Actual Forecast Previous
Apr 25, 2024 (Apr) 07:00     53.00%
Mar 21, 2024 (Mar) 07:00 53.00%   46.50%
Feb 22, 2024 (Feb) 07:00 46.50%   46.50%
Jan 25, 2024 (Jan) 07:00 46.50%   44.00%
Dec 21, 2023 (Dec) 07:00 44.00%   41.50%
Nov 23, 2023 (Nov) 07:00 41.50%   36.50%

News

Dollar retreats ahead of PMI data; euro, sterling gain
Dollar retreats ahead of PMI data; euro, sterling gain By Investing.com - Feb 22, 2024

Investing.com - The U.S. dollar retreated in early European trade Thursday, with risk sentiment boosted by Nvidia’s stellar earnings, with traders awaiting the release of key business activity surveys...

Turkey Cuts Key Rate by 1% Despite Having 80% Inflation
Turkey Cuts Key Rate by 1% Despite Having 80% Inflation By Investing.com - Aug 18, 2022 9

By Geoffrey Smith Investing.com -- Turkey's central bank cut its key interest rate by a full percentage point on Thursday despite the country suffering 80% inflation. In a statement accompanying the...

Dollar Gains as Fed Points to Rate Hikes in 2023
Dollar Gains as Fed Points to Rate Hikes in 2023 By Investing.com - Jun 17, 2021 4

By Peter Nurse Investing.com -- The dollar rose in early European trade Thursday, climbing to levels not seen for around two months after the Federal Reserve surprised markets with a hawkish turn,...

Analysis

Marc Chandler
Corrective Pressures Weigh On The Dollar By Marc Chandler - Jun 04, 2018

The US dollar is broadly lower as corrective forces that were building at the end of last week have carried over into today's activity. The greenback is lower against all the major and most emerging...

Overnight Lending Rate Discussion

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