The eyes of the markets were on the interest rate decisions of the Central Bank of the Republic of Turkey, which will be announced today. Experts; He expected the prices of commodities, exchange rates and many assets to break in line with the interest rate decisions. The CBRT announced its interest rate decisions today as a result of the MPC meeting. The Central Bank of the Republic of Turkey kept the policy rate constant at 14 percent. So, how did gram gold and exchange rates move? cryptocoin.com We are giving the details as…
How did the CBRT’s interest rate decision affect grams of gold and dollars?
The Monetary Policy Committee meeting of the Central Bank of the Republic of Turkey was announced today at 14.00 in line with the information in the meeting calendar. It can be said that this interest rate decision has attracted more attention than usual, as it is the first decision announced after the transition to the currency-protected TL time deposit account system. It was expected that the CBRT’s interest rate decision would be kept at 14 percent. This level was last reached in December 2021, when interest rates were cut by 100 basis points.
Now, looking at the latest statements, it has been determined that the interest rate will be kept at 14 percent. So, how did gram gold and dollar react to this after the announcement? Looking at the prices after the statement, gram gold was withdrawn from 795.33 liras to 793.64 liras at the time of writing, while the dollar fell sharply from 13.45 to 13.27 liras.
Looking at the rate decisions of last year, it is seen that the interest rate remained stable at 17 percent in January and February of 2021. In March, this rate was increased to 19 percent with an increase of 200 points. After that, in the meetings in April, May, June, July and August, the level did not change and remained at 19 percent. Interest rates were lowered to 18% in September. In October, it fell to 16 percent. In November, it was reduced to 15 percent as a result of a 100-point reduction.
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