Its key interest rate equal to the one-week repo auction rate will be cut by 500 basis points to 35%. The rate decision follows a 500 basis point rate hike in September.
October 26, 2023
1944
The Turkish lira gave up another 2% today, on Tuesday July 18, to a record low against the dollar on concerns that the central bank may raise interest rates less than previously expected this week.
July 18, 2023
2170
Turkey's lira (USDTRY) dropped to near a 2-month low, e-bike the country’s sovereign dollar bonds tumbled and the cost of insuring, CDS, exposure to the country's debt spiked as the presidential election appeared headed for a runoff with incumbent president Tayyip Erdogan in the lead.
May 15, 2023
2306
August 4, 2021
4028
August 6, 2021
4023
July 2, 2021
3976
