Turkey Business Confidence
A survey conducted in Turkey called the Business Tendency Survey (BTS) collects the opinions of senior managers on their company's performance in the recent past, current status, and expectations for the future course of the business environment in the manufacturing industry. A rating of greater than 100 suggests an optimistic view of economic activity, while a rating of less than 100 suggests a gloomy perspective.
A higher than expected figure should be seen as positive (bullish) for the TRY while a lower than expected figure should be seen as negative (bearish) for the TRY.
Forex Sentiment (TRY)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURTRY |
|
|
35.4470 -125717 pips |
0 +480187 pips |
48.01869 | |
| USDTRY |
|
|
0 -410401 pips |
40.9629 +772 pips |
41.04009 | |
| GBPTRY |
|
|
52.1016 -35345 pips |
0 +556361 pips |
55.63607 |
News (TRY)
Turkey Unexpectedly Lifts Rate By 350 Bps
The Turkish central bank raised its key interest rate in a surprise move on Thursday, reversing the sharp easing cycle that began last December, and also expressed preparedness to keep the policy tight. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to raise the policy rate to 46.0 percent from 42.5 percent.
RTTNews | 132 days ago
Turkey Central Bank Slashes Rate By 250 Bps
Turkey's central bank lowered its benchmark rate for the third straight time on Thursday as the underlying trend of inflation softened. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to reduce the policy rate to 42.5 percent from 45.0 percent, as widely expected. The bank had reduced the rate by 250 basis points each in December and January.
RTTNews | 175 days ago
Turkey Central Bank Slashes Rate For Second Straight Time
Turkey's central bank slashed its benchmark rate by 250 basis points for the second straight meeting on Thursday as inflation slowed more sharply towards the end of 2024. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, headed by Yasar Fatih Karahan decided to cut the policy rate to 45.0 percent from 47.5 percent.
RTTNews | 217 days ago
