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Neno's Place Established in 2006 as a Community of Reality


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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


3 posters

    The central bank announces the simplification of policy and change the main interest rate

    rocky
    rocky
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    Posts : 235905
    Join date : 2012-12-21

    The central bank announces the simplification of policy and change the main interest rate Empty The central bank announces the simplification of policy and change the main interest rate

    Post by rocky Mon 28 May 2018, 11:31 am

    [size=50]The central bank announces the simplification of policy and change the main interest rate
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    The central bank said on Monday it had decided to complete the process of simplifying monetary policy and that the week-long repurchase rate would be the key interest rate at an level equal to the current financing rate of 16.5 percent.
    For years, the bank has relied on a complex multi-interest system that economists say limits monetary policy predictability. The funding was made through the window of the emergency lending window, which rose by three percentage points last week to 16.5 percent to support the lira.
    The new system will be introduced on June 1, the central bank said in a statement. The rate of overnight borrowing and lending will be set at 150 basis points above or below the repo rate.
    The Turkish currency rose to 4.6070 lira to the dollar after announcing from Friday's closing level of 4.7052. But has remained low at 18 percent since the beginning of the year.
    The currency rose in early trade after economists said it was a hint earlier this week that central bank governor Murat Gitinkaya was in imminent move to streamline politics.


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    weslin3
    weslin3
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    Join date : 2012-12-19

    The central bank announces the simplification of policy and change the main interest rate Empty Re: The central bank announces the simplification of policy and change the main interest rate

    Post by weslin3 Mon 28 May 2018, 2:02 pm

    The new system will be introduced on June 1, the central bank said in a statement.



    Hopefully a new system ready for the RV also.
    Lobo
    Lobo
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    Join date : 2013-01-12

    The central bank announces the simplification of policy and change the main interest rate Empty Re: The central bank announces the simplification of policy and change the main interest rate

    Post by Lobo Mon 28 May 2018, 2:12 pm

    This is Turkey -
    The Turkish currency rose to 4.6070 lira
    weslin3
    weslin3
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    The central bank announces the simplification of policy and change the main interest rate Empty Re: The central bank announces the simplification of policy and change the main interest rate

    Post by weslin3 Mon 28 May 2018, 6:15 pm

    Oh okay.. Thanks.

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