Turkish CBT Weekly Repo Rate* (Mar) 50.0% vs. Exp. 45.0% (Prev. 45.0%)

The Committee has also decided to adjust the monetary policy operational framework by setting the Central Bank overnight borrowing and lending rates 300 basis points below and above the one-week repo auction rate, respectively.
Monetary policy stance will be tightened in case a significant and persistent deterioration in inflation is foreseen.
Monetary transmission mechanism will continue to be supported in case of unanticipated developments in credit growth and deposit rates.
Stickiness in services inflation, inflation expectations, geopolitical risks, and food prices keep inflation pressures alive.
The Committee will decisively use all the tools at its disposal in line with its main objective of price stability.