After the Central Bank decision, it reached 60 percent: Yields increased, here are the interest rates from bank to bank! – The right address for financial news

A step has been taken from the Central Bank of the Republic of Turkey to support TL deposits. The Central Bank increased the interest rate to be applied to TL required reserves in order to strengthen the monetary transmission mechanism, increase the share of TL deposits and support the transition from KKM to TL deposits.

According to the announcement made by the Central Bank of the Republic of Turkey, the upper limit of the interest rate applied to the required reserve amount to be established for KKM according to the renewal and transition to TL rate is 60 percent of the policy interest rate, and the required reserve amount to be established for TL deposits is TL. The upper limit of the interest rate applied according to the transition rate level was determined as 80 percent of the policy interest rate.

BANKS’ DEPOSIT INTEREST RATES REACHED 60 PERCENT

After the Central Bank decision, the interest rate given by banks on TL deposits was 58.50 percent. It is said that banks may increase interest rates even more in the coming days.

The return of 1 million TL in 3-month deposit interest exceeded 140 thousand TL.

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