The Turkish lira fell more than 4% after the Turkish central bank decided to keep the rates steady to fall as low as 4.9377 against the US Dollar. Turkey’s central bank decided to keep rates unchanged on Tuesday disregarding rapidly rising inflation. The decision surprised the markets and it is likely to deepen investors concern over the independence of Turkish central bank a month after President Erdogan’s re-election. Turkey’s lira and bonds have rebounded from record lows earlier on July on speculation the country’s central bank will look past President Recep Tayyip Erdogan’s calls for lower borrowing costs. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Pres. Trump: Negotiate a fair trade deal, or get hit with tariffs FX Street 5 years The Turkish lira fell more than 4% after the Turkish central bank decided to keep the rates steady to fall as low as 4.9377 against the US Dollar. Turkey's central bank decided to keep rates unchanged on Tuesday disregarding rapidly rising inflation. The decision surprised the markets and it is likely to deepen investors concern over the independence of Turkish central bank a month after President Erdogan's re-election. Turkey's lira and bonds have rebounded from record lows earlier on July on speculation the country's central bank will look past President Recep Tayyip Erdogan's calls for lower borrowing costs. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
