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Journals / JOEEP: Journal of Emerging Economies and Policy / 2024 / Cilt: 9 Sayı: 2

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

Türkiye Cumhuriyet Merkez Bankası (TCMB) Faiz Kararlarının Borsa İstanbul Banka Hisse Değerleri Üzerine Etkisi

Meltem Keskin(Ankara Yıldırım Beyazıt Üniversitesi)0000-0002-8536-4940
Pages
57–68
Publication Date
2024-12-30
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

It was found that there was no relationship during interest rate increase periods.

📌 3 Key Takeaways

🎯
Objective & Hypothesis: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.
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Key Findings & Data: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.
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Conclusion & Impact:It was found that there was no relationship during interest rate increase periods.
🔬Design:Araştırma Makalesi
📍Scope:2014 Verileri
⚙️Variables:XLBNK · Faiz Kararları · TCMB

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.

Özet

Çalışmada, Türkiye Cumhuriyet Merkez Bankası’nın (TCMB) sıkı ya da genişletici para politikası dönemlerinde aldığı faiz kararlarının Borsa İstanbul BIST Likit Banka (XLBNK) endeksine yaptığı etki incelenmiştir. Bu çalışmanın amacı; TCMB’nın aldığı faiz indirimi veya artırımı kararlarının XLBNK endeksinde işlem gören banka hisse senetleri fiyatları arasında ilişkinin varlığını ve boyutunu 2014:01 - 2024:03 dönemleri arasında belirlemektir. Bu amaç doğrultusunda lojistik regresyon analizi kullanılmıştır. Sonuç olarak, TCMB’nın açıkladığı, faiz oranında indirime gidilmesi durumunda XLBNK endeksi günlük kapanışına pozitif yönde etki yaptığı, haftalık veya aylık değişim üzerinde anlamlı etkiye sahip olmadığı; faiz artırım dönemlerinde ise ilişki bulunmadığı bulgularına ulaşılmıştır.

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Cite This Article

Keskin, M. (2024). Effects of The Central Bank of the Republic of Türkiye (CBRT) Interest Rate Decisions on BIST Bank Share Values. JOEEP: Journal of Emerging Economies and Policy, Cilt: 9 Sayı: 2, 57–68. https://ajindex.com/articles/1504186

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