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Author Topic: Turkish Lira Plunges to Record Low a Day After Central Bank's Interest Rate Poli  (Read 4292 times)

Offline sirty143

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Turkish Lira Plunges to Record Low a Day After Central Bank's Interest Rate Poli
« on: June 26, 2023, 01:29:46 PM »
Turkish Lira Plunges to Record Low a Day After Central Bank's Interest Rate Policy U-Turn


The Turkish lira fell to 25.74 per dollar just under a day after the central bank hiked interest rates for the first time since 2021. Although the rate hike decision was widely anticipated, the increase still fell short of the 21% that some analysts had predicted.  See more for yourself here.

Your opinion is greatly appreciated.
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Turkish Lira Plunges to Record Low a Day After Central Bank's Interest Rate Poli
« on: June 26, 2023, 01:29:46 PM »

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Offline cryptoworld1

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Re: Turkish Lira Plunges to Record Low a Day After Central Bank's Interest Rate Poli
« Reply #1 on: August 28, 2023, 06:05:12 AM »
Reflecting the disappointment in the markets, the lira has declined some 8.5% since Thursday's hike. Forward swap markets were pricing it at 33 to the dollar in a year's time compared to around 30 that was priced in before the rate hike.
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