Facebook logo
Facebook logo
Facebook logo
Facebook logo

Latest Headlines

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

[close]
Latest News
ECB to continue chasing shadows
29 June 2016 | Frankfurt
The EU’s ‘shadow banking’ sector poses a growing threat of unquantifiable systematic and liquidity risk for as long as it remains undefined, according to the European Central Bank... Read more

Brexit episode V: Return of the short sellers
29 June 2016 | London
Short sellers that had reduced their positions in the lead up to the UK’s EU referendum came back strongly to target UK banks once 'Brexit' was confirmed, according to FIS Astec Analytics... Read more

For more news visit our news section

Upcoming events
GAIM 2016
Date: 20-22 June 2016
Location: Amsterdam
Find out more

GAIM Ops Amsterdam
Date: 20-22 June 2016
Location: Amsterdam
Find out more

For more events visit our event 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
The scales of synthetics
Feature: Experts gather to debate the rise of synthetic financing in a world where the balance sheet is lord and master and must be obeyed Read more

South Africa
Country profile: South Africa’s securities lending industry is on the verge of embracing a modern T+3 settlement cycle that could boost the country’s market Read more

Etienne Ravex :: Murex
Interview: Technology providers need to be more than one-trick ponies to service securities finance participants, as Etienne Ravex of Murex explains 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.



ECB to continue chasing shadows
The EU’s ‘shadow banking’ sector poses a growing threat of unquantifiable systematic and liqui Read more

Brexit episode V: Return of the short sellers
Short sellers that had reduced their positions in the lead up to the UK’s EU referendum came back Read more

EXCLUSIVE: Brexit wounds—before the vote
The UK’s marginal decision in favour of the so-called Brexit took the securities lending industry Read more

UK taken down a peg or two
Rating agencies S&P and Fitch have downgraded the UK’s credit rating in response to last week’s Read more

FSB puts asset managers under the spotlight
The Financial Stability Board has highlighted the securities lending activities of asset managers ac 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
[close]
Never miss an issue again
Subscribe to Securities Lending Times - Get it delivered straight to your inbox
We need to know you are not a ROBOT. Please type HUMAN in the box below and continue to fill in the rest of the form