The Central Bank has lowered the rediscount interest rates.

The Central Bank of the Republic of Turkey (CBRT) has determined that the discount interest rate to be applied in rediscount transactions for bills with a maturity of no more than 3 months will be 48.25% per annum, while the interest rate to be applied in advance transactions will be 49.25% per annum.

The communiqué regarding the determination of the interest rates to be applied in the CBRT's rediscount and advance transactions has been published in today's issue of the Official Gazette and has come into effect.

Accordingly, the discount interest rate to be applied in rediscount transactions for bills with a maturity of no more than 3 months has been set at 48.25% per annum, while the interest rate to be applied in advance transactions has been set at 49.25% per annum.