Facebook logo
Facebook logo
Facebook logo
Facebook logo

Latest Headlines

Securities Lending Times home | Turkish repo rate decision ← You are here

[close]
Latest News
FIS: Technology, entertainment and energy take top spots
09 November 2016 | London
Technology, entertainment and energy companies earned the most short interest for the week beginning 28 November, according to the FIS Astec Analytics hot stocks list... Read more

SIFMA calls for regulatory impact assessment
09 December 2016 | Washington DC
SIFMA's managing director has urged the US House of Representatives to assess the cumulative impact of regulation on short-term financing, identifying “potential, but not exhaustive, areas of concern”... Read more

For more news visit our news section

Industry recruitment
Java Developer
Recruiter: Simply Executive
Location: London
Find out more

Lead Business analyst
Recruiter: Alexander Ash
Location: Midlands
Find out more

For more jobs visit our recruitment section
Securities Lending Times
View the latest issues online now

Sister publications
Asset Servicing Times
www.assetservicingtimes.com

Captive Insurance Times
www.captiveinsurancetimes.com

Real Estate Investment Times
www.realestateinvestmenttimes.com

Media pack [download]
Ad specs [download]
Latest features
Measuring success through data
Feature: Nickolas Delikaris of State Street discusses balance sheet and regulatory woes, and the need for efficient data analytics in securities lending Read more

Mexico
Country profile: Federico Ortega Gilly of Mexico’s Nacional Financiera explains why his country’s securities lending market is ripe for foreign investment Read more

Jerry Friedhoff :: Broadridge Financial Solutions
Interview: Jerry Friedhoff, managing director of securities finance and collateral management at Broadridge, explains how an efficient technology infrastructure can be the salvation of securities lending participants Read more

For more features visit our features section
Latest news
More news
IPPro default image
Turkish repo rate decision
19 May 2010 | Ankara | Reporter:
The Monetary Policy Committee (The Committee) has decided to keep overnight rates unchanged as follows, and to implement the technical rate adjustment by setting the one week repo auction rate at 7 percent:

a) Overnight Interest Rates: Borrowing rate at 6.50 percent, lending rate at 9 percent,

b) Late Liquidity Window Interest Rates (between 4:00 p.m. - 5:00 p.m.): Borrowing rate at 2.50 percent, lending rate at 12 percent,

c) The interest rate on overnight and one-week maturity borrowing facilities provided for primary dealers via repo transactions at 8 percent.

Recent data suggest that the recovery in economic activity is ongoing. Domestic demand is following a stable growth trend, while recent developments indicate that uncertainties regarding external demand would last for a long period. Therefore, it would take a while before industrial capacity utilization rates return to pre-crisis levels. Although employment conditions continue to improve, unemployment rates remain at high levels.

The Committee indicated that core inflation would continue to remain at levels below the end-year target. It was also noted that unprocessed food prices may display a significant fall in May. However, it was stated that the significant gap between inflation expectations and the medium term targets necessitates close monitoring of the pricing behavior.

The Committee stated that market liquidity conditions have evolved as envisaged, and therefore, conditions are appropriate to implement the first step of the technical rate adjustment described in the "Monetary Policy Exit Strategy" published on the 14th of April 2010. Observing that current rates for one week repo auctions fluctuate around 7 percent, the Committee decided to start conducting one week repo auctions via quantity auction with fixed interest rate, in order to eliminate such fluctuations. In this respect, the one week repo rate, which becomes the new policy rate, is set at 7 percent-50 basis points above the overnight lending rates, as indicated in the exit strategy document.

Considering the lingering uncertainties regarding global economy, the Committee reiterated that it may be necessary to maintain policy rates at current levels for some time, and to keep them at low levels for a long period.

It should be emphasized that any new data or information related to the inflation outlook may lead the Committee to revise its stance.

The summary of the Monetary Policy Committee Meeting will be released within eight working days.



FIS: Technology, entertainment and energy take top spots
Technology, entertainment and energy companies earned the most short interest for the week beginning Read more

SIFMA calls for regulatory impact assessment
SIFMA's managing director has urged the US House of Representatives to assess the cumulative impact Read more

IHS Markit releases SFTR solution
IHS Markit has officially entered the Securities Finance Transaction Regulation fray, with a solutio Read more

Cash collateral opened to central banks
Eurosystem central banks will now be able to accept cash collateral in their public sector purchase Read more

ECB to extend APP to December 2017
The European Central Bank will continue with a reduced version of it asset purchase programme until Read more

Securities Lending Times site map
Home
Home

Sitemap

Issue archive
Back issues online
Recruitment
Recruitment

Events and Training
Upcoming events

Upcoming training

Company info
About us

Contact us


Copyright (C) 2016 Black Knight Media Ltd. All rights reserved. No reproduction without prior authorization