CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: TRY drops after CBRT cuts in-line with expectations

11:05 24 November 2022

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

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