Turkish Lira Advances Against U.S. Dollar After Turkey Decision
12 Junio 2019 - 3:01AM
RTTF2
The Turkish Lira gained ground against the U.S. dollar in the
European session on Wednesday, after Turkey's central bank left its
key interest rate unchanged for a sixth consecutive policy
session.
The Monetary Policy Committee, led by Governor Murat Cetinkaya,
kept the policy rate, which is the one-week repo auction rate,
unchanged at 24 percent. The decision was in line with economists'
expectations.
"Factors affecting inflation will be closely monitored and,
monetary stance will be determined to keep inflation in line with
the targeted path," the bank said.
"It should be emphasized that any new data or information may
lead the Committee to revise its stance," the TCMB added.
The Lira reached as high as 5.78 against the greenback, near
where it ended deals on Tuesday. The next possible upside target
for the Lira is seen around the 4.5 level.
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