- Analytics
- News and Tools
- Market News
- Breaking: CBRT leaves policy rate unchanged at 14%, USD/TRY remains stuck in a range
Breaking: CBRT leaves policy rate unchanged at 14%, USD/TRY remains stuck in a range
The Central Bank of the Republic of Turkey (CBRT) announced its policy decision this Thursday and left the one-week repo rate unchanged at 14%, in line with the market expectations.
Join our live coverage on the CBRT event
Market reaction
The Turkish lira moved little in reaction to the announcement, with the USD/TRY hovering near the lower end of a one-week-old trading range, below mid-13.00s.
Key takeaways from the accompanying policy statement:
- A comprehensive review of the policy framework is being conducted with the aim of prioritizing the Turkish lira in all policy tools.
- Expect the disinflation process to start on the back of measures taken.
- Seeing sustainable price and financial stability along with the decline in inflation owing to the base effect.
- Inflation in the recent period has been driven by distorted pricing behaviour due to unhealthy price formations in fx.
- Inflation is also affected by supply-side factors, commodities.
- The cumulative impact of the recent policy decisions being monitored.
- held steady below mid-13.00s, well within a narrow.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
