The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) by 50 basis points to 8.25%. Market reaction With the initial reaction, the USD/TRY pair pulled away from session highs and was last seen trading at 6,8028, where it was still up 0.23% on the day. Additional takeaways “Inflation outlook is considered to be in line with the year-end inflation projection.” “Decided to make a measured cut in the policy rate.” “Demand-driven disinflationary effects will be more prevalent in the second half of the year.” “Seeing a mild trend in core inflation indicators.” Favourable inflation outlook despite lira depreciation.” “Coronavirus normalization steps taken by several countries are being watched.” 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 NZD/USD posts modest daily losses, trades above 0.6100 ahead of key US data FX Street 2 years The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) by 50 basis points to 8.25%. Market reaction With the initial reaction, the USD/TRY pair pulled away from session highs and was last seen trading at 6,8028, where it was still up 0.23% on the day. Additional takeaways "Inflation outlook is considered to be in line with the year-end inflation projection." "Decided to make a measured cut in the policy rate." "Demand-driven disinflationary effects will be more prevalent in the second half of the year." "Seeing a mild trend in core inflation… 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.
