The Communiqué on the determination of the interest rates to be applied in rediscount and advance transactions (“Communiqué”) issued by the Central Bank of the Republic of Türkiye (“CBRT”) has been published in the Official Gazette dated 8 March 2025, numbered 32835, and entered into force as of its publication date.
Pursuant to the Communiqué, the discount interest rate to be applied in rediscount transactions against bills with a maximum of 3 months to maturity was reduced from 48.25% to 43.25% per annum, and the interest rate to be applied in advance transactions was reduced from 49.25% to 44.25% per annum.
The full text of the Amendment Regulation can be reached through this link. (Only Available in Turkish)
