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Turkey Industrial Production MoM
The output of firms that are incorporated into the industrial sector of the economy defines the industrial production in Turkey. 84% of total production accounting for manufacturing, is the most important industry in the country. Food products (16% of total production), basic metals (11%), motor vehicles, trailers, and semi-trailers (9%), textile (8%), other non-metallic mineral products (6%), rubber and plastic products (5%), chemicals and chemical products (5%), electrical equipment (5%), wearing apparel (5%), and fabricated metal products (5%) are the most important segments within Manufacturing.
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 -91237 pips |
0 +469286 pips |
46.92859 | |
| USDTRY |
|
|
38.8239 -9995 pips |
39.7977 +257 pips |
39.82340 | |
| GBPTRY |
|
|
52.1016 -23026 pips |
0 +544042 pips |
54.40420 |
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 | 78 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 | 120 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 | 162 days ago
