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Published : 05.28.2018 12:00 AM
Updated : 05.29.2018 12:49 AM
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Turkish Central Bank completes simplification process

The Central Bank of the Republic of Turkey said on Monday that the one-week repo rate will be the policy rate, equal to the current funding rate of 16.5 percent. The central bank added that the new operational framework will take effect on 1st June.