The upper interest limit is removed in the CBRT-sided KKM

According to the letter sent to the banks by the Central Bank of the Republic of Turkey (CBRT), the interest limit in the exchange-protected deposit processes, in which the CBRT is the counterparty, is being removed.

A critical step came from the CBRT in currency protected deposits.

In the letter sent from the CBRT to the banks, the maximum interest rate to be applied to time deposit accounts opened by banks is the one-week repo auction rate determined by the CBRT. underIt was stated that it can be determined by the banks provided that it is not.