Central Bank of the Republic of Turkey — News Archive

    Archives

Turkish Lira Rallies on Easing of Currency Trading Limits, Bets on Orthodox Policy

The Turkish lira is enjoying its best rally in months as the government eased two-year-old currency trading limits, giving the lira a substantial boost. It is also rising against several currency peers as foreign exchange markets bet that the country would embrace a more orthodox monetary policy following a series of noteworthy exits in President Recep Tayyip Erdogan’s government.

Turkish Lira Gains After Surprise Interest Rate Hike

The Turkish central bank surprised markets today, performing an unexpected interest rate hike. The Turkish lira rallied as a result.

Turkish Lira Slightly Rebounds After Crashing to Record Low

The Turkish lira is slightly rebounding on Thursday after crashing to a record low against the US dollar early on Thursday. Investors are nervous about Turkey’s response to the economic fallout from the coronavirus pandemic, as well as the decline in the central bank’s reserves. Could the world bail out Turkey once the COVID-19 crisis subsides?

Turkish Lira Rallies Despite Interest Rate Cut

The Turkish lira rallied today despite the fact that Turkey’s central bank decided to lower its one-week repo auction rate.

Turkish Lira Opens Sharply Lower After Sacking of Central Bank’s Chief

The Turkish lira opened sharply lower today compared to the Friday’s close after the news that Turkish President Recep Tayyip Erdogan sacked central bank’s governor Murat Cetinkaya, giving the office to his deputy instead.

Slowing Inflation & Prospects for Interest Rate Cuts Don’t Prevent Turkish Lira from Rising

The Turkish lira rose today despite slowing inflation and prospects for interest rate cuts from the nation’s central bank.

Turkish Lira Falls for Seventh Session After Central Bank Disappoints

The Turkish lira fell today, extending its decline for the seventh consecutive trading session, after Turkey’s central bank disappointed market participants by yesterday’s monetary policy statement.

Turkish Lira Rallies After Central Bank Hikes Policy Rate

The Turkish lira gained today after the nation’s central bank increase some of its interest rates and talked about possibility of more hikes in the future.

Turkish Lira Rebounds After Four Sessions of Losses

The Turkish lira remained extremely volatile, rising today after four consecutive sessions of losses.

Turkish Lira Pulls Back from Record Low After Central Bank Announcements

The Turkish lira recovered a bit today after touching a new record low overnight. The nation’s central bank attempted to support the currency, making couple announcements.

Navigation

Menu