The Central Bank of the Republic of Turkey (CBRT) held its last Monetary Policy Committee meeting in 2021. The outcome of the meeting was not surprising.
December 16, 2021 was a day that went down in history in Turkey. There are two important decisions that will be shared with the public today. The first is one that directly concerns the lives of millions of citizens. Minimum wage amount for 2022. On the other hand; The Central Bank of the Republic of Turkey (CBRT) is also the last one in 2021. Monetary Policy Committee (PPK) held its meeting. Now, the decision from this meeting has been officially announced.
After the CBRT’s meeting, the policy rate 100 basis points cut It was decided. With this decision, the interest rate decreased to 14 percent. The decision taken has been losing value in recent years. For the future of the Turkish lira more important than ever.
The CBRT President said that we have limited space left for interest rate cuts.
Central Bank Governor Şahap Kavcıoğlu, in his statements a few weeks ago, to reduce interest rates. angry area staying had expressed. Today’s meeting, that limited space used a little more means. The explanations from the government, which applies the low interest method within the scope of the new economic model, are a matter of curiosity.
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