56.109
Today
+0.48%
5 Days
+2.13%
1 Month
+4.28%
6 Months
+8.82%
Year to Date
+11.55%
1 Year
+17.85%
Opening Price
55.992Previous Closing Price
55.846The central bank of Turkey will cut rates again by 250bp to 42.50% today, in line with market expectations.
December inflation in Turkey surprised to the downside with a drop from 47.1% to 44.4% YoY, below market expectations, ING’s FX analyst Frantisek Taborsky notes.
The Turkish central bank (CBT) held rates unchanged yesterday, as had been unanimously expected, but turned somewhat dovish in its language, contrary to our expectation.
Turkey’s central bank (CBT) is scheduled to meet today for a rate decision: it is unanimously expected that the central bank will leave its key rate unchanged at 50%, Commerzbank’s FX analyst Tatha Ghose notes.
The Central Bank of Turkey (CBT) is expected to leave rates unchanged at 50% today.
The Turkish lira exchange rate has mildly depreciated against the US dollar in recent days, but not noticeably so.
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The configuration is positive.
below 55.9893, expect 55.8647 and 55.7905.
The upside prevails as long as 55.9893 is support, with 56.4312 and 56.5056 as targets
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