Turkey

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The ‘Central Bank of Erdogan’ Sharpens its Rate-Cut Knife

Turkey’s central bank announce their rate decision at 11:00 today. And, if prior meetings are anything to go by, we suspect it will be another lively one.

Turkey’s inflation data may embolden Erdogan

The inflation print beat expectations of 20.4% YoY, possibly because of the 200bps rate cut on October 21st!

November 3, 2021 03:32 PM

Asian Open: Central Bank of Erdogan (CBOE) pulls no punches

USD/TRY won currency of the day to hit new highs after ‘impartial’ President Erdogan’s hand-picked central bankers cut rates by 200 bps despite raging inflation.

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USD/TRY lurches higher as traders question the central bank’s independence, 10.00 next?

Traders’ fears that the nominally independent central bank is becoming hopelessly politicized are being realized, causing a widespread loss of confidence in the lira...

October 18, 2021 06:23 PM

Currency Pair of the Week: USD/TRY

USD/TRY may be volatile this week as the markets try and figure out what to make of the new CBRT Governor

March 22, 2021 09:05 AM

[VIDEO] Don’t forget the CBRT meeting on Thursday!

Expectations are for the central bank to increase rates by 100 basis points

March 17, 2021 02:47 PM

Currency Pair of the Week: USD/TRY

USD/TRY should offer many trading opportunities this week

November 16, 2020 07:19 AM

USD/TRY: Lira Stabilizes After Turkey’s Central Bank Delivers Surprise Rate Hike

USD/TRY remains a clear uptrend despite today’s dip, with rates still trading higher on the week and up nearly 20,000 pips (!) from the January lows.

September 24, 2020 01:19 PM

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