Latest status of the dollar following the interest rate decision
The Central Bank of the Republic of Turkey (TCMB) has announced its interest rate decision. While market expectations were for the rate to be held steady, the Central Bank opted for a 500 basis point hike. So, what is the latest status of the dollar and the euro following the decision? Here are the details...
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The Central Bank of the Republic of Turkey (TCMB) has announced its interest rate decision following the Monetary Policy Committee (PPK) meeting.
Accordingly, the interest rate was raised from 45 percent to 50 percent.
So, did the dollar and euro fall after the decision? What is the latest status? Here are the details...
In the free market, the dollar started the day at 32.4130 Turkish Lira, while the selling price of the euro was 35.4450 Turkish Lira.
The dollar/TL exchange rate, which pulled back to the 32.08 TL level, is currently fluctuating at the 32.14 level.
The euro exchange rate, which pulled back to the 35.07 TL level, is currently fluctuating at the 35.16-35.20 level.