Turkey's Central Bank Monetary Policy Committee to convene today

The Monetary Policy Committee (MPC) meeting will be held on Thursday to announce the Central Bank’s decision on interest rates.

The bank, which decided to reduce the policy rate (one-week repo auction rate) from 19.00 percent to 18.00 last month, is not expected to change interest rates.

The Monetary Policy Committee will announce the policy decision at 2 p.m.

The Monetary Policy Committee (MPC) is the decision-making body for monetary policy under the inflation targeting regime.

The MPC is made up of the Governor, Deputy Governors, a member appointed from among the members of the Board, and another member appointed by a joint decree upon recommendation of the Governor.

The Undersecretary of Treasury or a Deputy Undersecretary authorized by the Undersecretary can attend the meetings without voting capacity.

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