Türkiye | Surprising rate hike with a narrowed corridor
17 April 2025
The CBRT hiked the policy rate by 350bps to 46%, surprising the consensus of no change, and narrowed down the interest rate corridor to 44.5%-49%. Contrary to previous assessments of recent shocks as transitory, the CBRT becomes more prudent hiking its main tool and reaching an availability of the funding rate up to 49%.