The State Bank reduced interest rates applied in rediscount and advance transactions. The decision is published in the Official Gazette
The new communique drafted by the Central Bank of the Republic of Türkiye (CBRT) took effect after being published in the Official Gazette.
According to the announcement, the interest rate applicable to bills with a maximum term of 3 months until maturity has been updated.
The discount interest rate applied to rediscount transactions is determined to be 38.75%/year.
The annual interest rate applicable to advance transactions is 39.75%.
The interest rate applicable to rediscount transactions is 41.25% and the interest rate applicable to prepayment transactions is 42.25%.
