Turkish Lira At 8-day High Vs U.S. Dollar After Turkey Decision
16 Enero 2019 - 01:53AM
RTTF2
The Turkish Lira firmed against the U.S. dollar in the European
session on Wednesday, after Turkey's central bank kept its policy
rate unchanged and asserted to maintain the tight monetary policy
stance until inflation outlook improves.
The Monetary Policy Committee decided to maintain the key rate
unchanged at 24 percent. The decision was in line with
expectations.
Even though developments in import prices and domestic demand
conditions had improved the inflation outlook considerably, risks
on price stability continue to prevail, the bank said in a
statement.
Consequently, "the Committee has decided to maintain the tight
monetary policy stance until inflation outlook displays a
significant improvement."
The Lira climbed to 5.3797 against the greenback, its strongest
since January 8. The Lira is poised to find resistance around the
5.1 mark.
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