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.

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: Turkey Lifts Interest Rate to 15.00%

11:07 19 November 2020

The Central Bank of the Republic of Turkey raised its benchmark interest rate  to 15.00 %  as widely expected.The Committee said that the tightness of monetary policy will be decisively sustained until a permanent fall in inflation is achieved. The central funding will be provided through the one-week repo rate, which will be the main policy tool and the only indicator for the monetary stance. It seems that yesterday's comments from Erdogan that higher interest rates will have a negative impact on the economy did not affect today's CBRT decisions.

USDTRY broke below the 7.60 support after  today's CBRT interest rate decision and is testing next support at 7.50. Source: xStation5

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