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Nov. 18, 2021, 6:14 a.m. EST

Dollar climbs against Turkish lira after central bank cuts rates by a full point

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By Steve Goldstein


The dollar /zigman2/quotes/210561895/realtime/sampled USDTRY +0.1539% rose to 10.7739 Turkish lira from 10.6281 lira after the Central Bank of the Republic of Turkey cut interest rates by a full point, to 15%. "The Committee evaluated the analyses to decompose the impact of demand factors that monetary policy can have an effect, core inflation developments and supply shocks and decided to reduce the policy rate by 100 basis points to 15 percent. The Committee expects that the transitory effects of supply-side factors and other factors beyond monetary policy's control on price increases will persist through the first half of 2022," the central bank said.

US : Tullett Prebon
+0.0207 +0.1539%
Volume: 0.0000
Jan. 23, 2022 11:39p

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