EFTA Document EFTA01379423

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Regulatory framework and approach • The Central Bank of Turkey regulates exchange rate policy and is responsible for implementing monetary policy • The official policy rate is the one-week repo rate. The CBRT also sets an overnight lending rate, which is currently 125bps over the policy rate, and an overnight borrowing rate, which is currently 75bps below the policy rate. The CBRT also uses the late liquidity window (acti