Turkish Lira At Near 5-week High Versus U.S. Dollar After Turkey Decision
24 Diciembre 2020 - 01:47AM
RTTF2
The Turkish Lira moved up against the U.S. dollar in the
European session on Thursday, after Turkey's central bank raised
its key rate sharply for the second straight meeting to lower
inflation.
The Monetary Policy Committee of the Central Bank of the
Republic of Turkey governed by Naci Agbal decided to lift the key
one-week repo rate sharply to 17.00 percent from 15.00 percent.
The bank had raised the rate by 475 basis points at the first
MPC meeting of Agbal as governor in November.
The Lira reached as high as 7.52 against the greenback, its
biggest level since November 20. The pair had ended Wednesday's
deals at 7.63. The next possible resistance for the Lira is seen
around the 7.0 level.
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