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Tag: CBRT

USD/TRY jumps to new 2022 highs above 18.00 after CBRT cut rates

USD/TRY jumps to new 2022 highs above 18.00 after CBRT cut rates USD/TRY jumps to new 2022 highs above 18.00 after CBRT cut rates

USD/TRY hits a new all-time high beyond 18.00. The pair is now heading for the all-time high of 18.25 (December 20, 2021). The Turkish central bank cut the official interest rate by 100 basis points. The Turkish lira weakens to new lows against the dollar and makes the USD/TRY break above the 18.00 level for […]

Türkiye: CBTR keeps interest rate at 14% in July

Türkiye: CBTR keeps interest rate at 14% in July Türkiye: CBTR keeps interest rate at 14% in July

On Thursday, the Central Bank of the Republic of Turkey (CBTR) kept its benchmark interest rate, the one-week repo rate, unchanged at 14.00%, as expected. Main statements of the CBTR, via Reuters “Despite the loss of momentum, credit growth and the distribution of funds for real economic activity are closely watched.” “We will resolutely continue […]

Turkey: Central Bank leaves benchmark interest rate unchanged at 14%

Turkey: Central Bank leaves benchmark interest rate unchanged at 14% Turkey: Central Bank leaves benchmark interest rate unchanged at 14%

The Central Bank of the Republic of Turkey (CBRT) left its benchmark interest rate, the one-week repo rate, unchanged at 14.00% on Thursday. In the statement, the central bank reiterated that it will continue to use all available instruments in a decisive manner within the framework of the “liralization” strategy until the indicators point to […]

USD/TRY challenges daily lows near 13.30 after CBRT

USD/TRY challenges daily lows near 13.30 after CBRT USD/TRY challenges daily lows near 13.30 after CBRT

USD/TRY tests new weekly lows near 13.30 on Thursday. The CBRT leaves the one-week repo rate unchanged at 14.00%. The CBRT says that the available monetary policy instruments prioritize the Turkish lira. The Turkish lira is gaining additional traction and is now dragging the pair USD/TRY to new weekly lows in the region of 13.2500/2000 […]