The CBRT raises interest rates by 475 bps. Sign up to find out how the USDTRY responded.
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News flash: Turkey’s President, Recep Erdogan has reportedly fired Central Bank of Republic Governor Murat Uysal, barely 15 months into his tenure. News sources such as IG Squawk are quoting an official gazette as the source of the news report. This could have major implications of the Turkish Lira, which […]
The Central Bank of the Republic of Turkey (CBRT) stood pat in today’s interest rate decision, leaving interest rates unchanged at 10.25% and sending the USDTRY to test all-time highs above 7.97. This decision followed last month’s rate increase, the impact of which has since faded and given way to geopolitical […]
Turkey’s involvement in the escalating Azerbaijan-Armenian conflict weighs heavily on the Lira, as the Turkish currency looks set to clock the 8.000 mark after it fell further against the greenback on Thursday. Despite the rate hike of two weeks ago by the Central Bank of the Republic of Turkey (CBRT), […]
The Central Bank of the Republic of Turkey (CBRT) held interest rates at 8.25%, and it has just released its minutes, where it has indicated that it stands prepared to continue with the liquidity measures it has put in place despite forex scarcity. As a result, the Lira was able […]
On Thursday, August 20, the Central Bank of the Republic of Turkey (CBRT) will release the latest consignment of data marking its key interest rates. The one-week repo rate is our focus here. Analysts are expecting that the CBRT has ended its easing cycle by maintaining the 1-week repo rate […]
The Turkish Lira has hit record lows against the US Dollar after investors were panicked by a sudden surge in borrowing costs overnight on Tuesday, triggering two days of a Lira selloff. This has allowed the USDTRY pair to hit record highs on Thursday, as the pair climbed 3.31% on […]
The Central Bank of the Republic of Turkey (CBRT) kept its repo rate unchanged at 8.25%, marking what looks like the end of its 1-year rate cutting cycle. The bank cited an increased prevalence of “demand-driven disinflationary effects in the second half of the year” as the main reason for […]
Fitch Ratings publishes its report on Turkey. Sign up to find out what the report could mean for the USDTRY.