Last minute! CBRT Announced Its Much Awaited June Interest Rate Decision! Here’s The Reaction Of The Dollar!

The Central Bank of the Republic of Turkey, the interest rate decision for June, which the markets have been eagerly waiting for, has been announced.

The CBRT Monetary Policy Committee set the policy rate to 650 at its regular meeting in April. increased by a basis point to 15%.

After the Decision, A Sharp Movement Occurred in the Dollar Rate

In the decision announced in July last year, the CBRT kept the interest rate constant at 14 percent for the 7th time in a row, cut interest rates in August, September, October and November, and kept the interest rate constant at 9 percent in December and January.

In February, the CBRT cut the policy rate by 50 basis points to 8.5 percent. In March, interest rates were left unchanged at 8.5 percent. Similarly, interest rates were kept constant at 8.5 percent in April and May.

The Central Bank of the Republic of Turkey was expected to increase the policy rate after 27 months.

Today’s CBRT Monetary Policy Committee, after the changes made in the economy management Hafiz Gaye Erkan held its first meeting under the chairmanship of the President and made a significant change in the interest policy.

*Not investment advice.