Search ForexCrunch

The Central Bank of the Republic of Turkey (CBRT) announced its decision to hike its policy rate by 650  to 24% from 17.75% to surpass markets’ expectation of 22%.

With the initial market reaction to the announcement, the USD/TRY pair fell to 6 and was last seen down 4% on the day at 6.08.

 

Expert score

5

Etoro - Best For Beginner & Experts

  • 0% Commission and No stamp Duty
  • Regulated by US,UK & International Stock
  • Copy Successfull Traders
Your capital is at risk.