The Central Bank raised its policy interest rate to 46 percent. Following the interest rate decision, there was no significant change in exchange rates for the dollar and euro. The USD/TRY traded around 38.10, while the EUR/TRY traded at 43.57. The Central Bank increased the one-week repo auction interest rate, which is the policy rate, from 42.5 percent to 46 percent. The Bank also raised the overnight lending rate from 46 percent to 49 percent and the overnight borrowing rate from 41 percent to 44.5 percent.