Turkey TCMB Interest Rate Decision
Interest rates on government bonds are decided by the Monetary Policy Committee of the Central Bank of the Republic of Turkey (TCMB). From June 1st, 2018, the one-week repo rate started to serve as the primary interest rate, with the overnight borrowing and lending rates set at a level 150 basis points below or above the one-week repo rate. The central bank optimized its monetary policy framework on May 28th, 2018, moving away from a different system that had four main key rates, with the late liquidity window loan rate being one of the most closely observed of the four important rates.
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 |
|
|
13.3756 -183005 pips |
31.6891 -130 pips |
31.67611 | |
| USDTRY |
|
|
21.2730 -76555 pips |
23.5311 +53974 pips |
28.9285 | |
| GBPTRY |
|
|
0 -364865 pips |
34.2107 +22758 pips |
36.48653 |
News (TRY)
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 | 159 days ago
Turkish Central Bank Keeps Policy Rate Unchanged At 8.50%
Turkey's central bank maintained its key interest rate for the third straight time at its May meeting on Thursday, and policymakers assessed that the current monetary policy stance is adequate to support the necessary recovery from the outcome of the earthquake by maintaining price stability and financial stability.
RTTNews | 187 days ago
Turkish Central Bank Keeps Key Rate Unchanged For Second Time
Turkey's central bank maintained its key interest rate for the second straight meeting on Thursday ahead of the presidential election on May 14. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, led by Governor Sahap Kavcioglu, left the policy rate, which is the one-week repo auction rate, unchanged at 8.50 percent. The move was in line with expectations.
RTTNews | 215 days ago
