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Turkey Economic Confidence Index
Economic confidence in Turkey is a composite measure that takes into account consumers' and producers' assessments of the country's general economic status, as well as expectations and trends in the economy. To create the index, normalized sub-indices of consumer confidence, seasonally adjusted real sector (manufacturing industry), services, retail trade, and construction confidence indices were mixed with other sub-indices. When the index is over 100, the economic confidence index suggests an optimistic outlook for the general economic condition; when the index is below 100, the index indicates a pessimistic view of the general economic situation.
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 |
|
|
37.8049 -92347 pips |
47.0775 -379 pips |
47.03960 | |
| USDTRY |
|
|
38.8239 -13317 pips |
40.1803 -247 pips |
40.15563 | |
| GBPTRY |
|
|
52.1016 -22478 pips |
0 +543494 pips |
54.34937 |
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 | 85 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 | 127 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 | 169 days ago
