The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) met today under the chairmanship of Central Bank Governor Şahap Kavcıoğlu to make a decision on interest rates.
The Monetary Policy Committee (Board) decided to reduce the one-week repo auction rate, which is the policy rate, from 10.5 percent to 9 percent.
How is the situation in the dollar?
After the Central Bank’s interest rate cut decision, Dollar/TRY is trading at 18.63 TL. Euro is traded at 19.38 TL in Euro/TL.