The CBRT announced its interest rate decision. The expectation of 17.50% was not realized. The rate was cut by 200 basis points and fell to 16%. At the time of this statement, the dollar rate saw the level of 9.49 TL.
The fact that the dollar rate is breaking records day after day has locked the whole of Turkey to the new interest rate decision of the Central Bank. Announcing its decision on October 21, 2021, the CBRT lowered the interest rate by 200 basis points to 16%. The dollar rose to the level of 9.49 simultaneously with this statement.
Details are coming…