Turkey Inflation Rate YoY
Food and non-alcoholic beverages (23.7% of total weight), housing, water, electricity, gas, and other fuels (15.9% of total weight), and transportation (14.3% of total weight) are the most significant categories in the consumer price index in Turkey. Among the others are furniture, domestic equipment, and routine maintenance (8%), hotels, cafes, and restaurants (7.5%), clothing and footwear (7.4%), alcoholic beverages, and cigarettes (5%). Miscellaneous goods and services (4.7%), communication (4.4%), recreation and culture (3.8%), health (2.7%), and education (2.6%), are also included in the index.
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 |
|
|
14.5097 -203370 pips |
32.8986 +19481 pips |
34.84674 | |
| USDTRY |
|
|
20.0196 -125562 pips |
29.7856 +27902 pips |
32.57580 | |
| GBPTRY |
|
|
0 -405686 pips |
40.5832 -146 pips |
40.56860 |
News (TRY)
Turkey Maintains Policy Rate At 45% Under New Governor
The Turkish central bank left its benchmark rate unchanged at the first policy meeting under the governorship of Fatih Karahan after a slew of rate hikes, and signaled that the rate will be maintained at the current level or will be tightened further in case of persistent deterioration in the inflation outlook.
RTTNews | 62 days ago
Turkish Central Bank Slows Pace Of Tightening
Turkey's central bank raised its benchmark rate by 250 basis points on Thursday to combat high inflation but the pace of tightening was reduced as policymakers assessed that it is close to the level required to establish the disinflation course. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, governed by Governor Hafize Gaye Erkan, decided to raise the one-w
RTTNews | 125 days ago
Turkish Central Bank Takes U-Turn By Lifting Key Rate By 650 Bps To 15%
Turkey's central bank raised its key interest rate for the first time in more than two years on Thursday, and massively, in the first meeting chaired by its newly appointed chief with the aim of establishing disinflation immediately and anchoring the inflation target. The Monetary Policy Committee, headed by the new Governor Hafize Gaye Erkan, decided to hike the policy rate by 650 bps to 15%.
RTTNews | 307 days ago
