According to Bloomberg’s lobby report, the failure of public banks to enter the market to support the Turkish lira pushed the US dollar up by 2.2 percent.
According to the news of Bloomberg News, the failure of public banks to support the Turkish lira before the CBRT Monetary Policy Committee meeting to be held on Thursday caused the lira to depreciate sharply against the US dollar and the Euro.
While the euro exceeded the level of 30 lira for the first time and hit 30.37 lira, the US dollar also tested over 26.94 with an increase of more than 2.2 percent.
Public banks, which often sell dollars to support the lira during weak times, haven’t done so lately, traders who asked not to be named told Bloomberg News.
According to the Bloomberg News survey, the CBRT Monetary Policy Committee will increase the interest rate from 15.0 percent to 18.25 percent at the meeting on Thursday.
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