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Further Discussions => Banks & Cryptos => Topic started by: sirty143 on June 26, 2023, 01:29:46 PM

Title: Turkish Lira Plunges to Record Low a Day After Central Bank's Interest Rate Poli
Post by: sirty143 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

(https://i.imgur.com/kQ4UEHkm.jpg)

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 (https://news.bitcoin.com/turkish-lira-plunges-to-record-low-a-day-after-central-banks-interest-rate-policy-u-turn/).

Your opinion is greatly appreciated.

Title: Re: Turkish Lira Plunges to Record Low a Day After Central Bank's Interest Rate Poli
Post by: cryptoworld1 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.