New data Overnight Lending Rate (Feb)
3/6/2025
actual 45.5, previous 48
The event is the Overnight Lending Rate for February in Turkey (TR), denominated in Turkish Lira (TRY). The actual rate reported is 45.5%, which represents a decrease of 2.5% compared to the previous rate of 48%. This event is categorized as having a low impact. The Overnight Lending Rate is a key interest rate set by the central bank to control the money supply in the economy and influence borrowing and spending. The decrease in the lending rate indicates a potential effort to stimulate economic activity by making borrowing cheaper.This is not investment advice. Remember to verify the information provided here.
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