Effects of The Central Bank of the Republic of Türkiye (CBRT) Interest Rate Decisions on BIST Bank Share Values

Authors : Meltem Keskin

Pages : 57-68

View : 42 | Download : 166

Publication Date : 2024-12-30

Article Type : Research Paper

Abstract :The study examined the impact of the interest rate decisions taken by the Central Bank of the Republic of Türkiye (CBRT) during tight or expansionary monetary policy periods on the Borsa Istanbul BIST Liquid Bank (XLBNK) index. Logistic regression analysis was used in the study. It has been found that between the periods 2014:01-2024:03, the interest rate reduction decisions announced by the CBRT positively impacted the daily closing of the XLBNK index and did not significantly affect the weekly or monthly change. It was found that there was no relationship during interest rate increase periods.
Keywords : XLBNK, Faiz Kararları, TCMB, Lojistik Regresyon