Central Bank of the Republic of Turkey (CBRT) announced a monetary policy decision at 11:00 am GMT. There was no surprise. One-week repo rate, the main Turkish interest rate, was cut by 150 basis points, from 10.50% to 9.00%. This comes in spite of a Turkish CPI inflation sitting at around 85%. Turkish lira weakened on the release with EURTRY moving towards 19.39 mark. However, scale of the move was rather small. The pair continues to trade below the resistance zone ranging below 19.45 mark, that has limited a few recent upward moves.
EURTRY at H1 interval. Source: xStation5
Macro Calendar - UK Labor Market, ZEW Sentiment, and Wall Street Giants' Reports
Daily Summary: Nasdaq and AI Stocks Rebound Ahead of Big Tech Earnings 🚀
Chart of the Day: What’s next for tech stocks after the deepest sell-off since April 2025? (19.10.2026)
Economic Calendar: Big tech earnings week and test for the AI rally (19.10.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.