CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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. 74% 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.

Turkey leaves monetary policy unchanged

12:06 17 June 2021

The Central Bank of the Republic of Turkey left its benchmark interest rate unchanged at the effective lower bound of 19.00 %, as widely expected. The Committee said the current tight monetary policy stance will be maintained decisively until a significant fall in inflation towards the April Inflation Report’s forecast path is achieved. Policymakers noted that the strong economic growth has been supported by solid external demand, despite the deceleration of domestic demand in the second quarter due to pandemic restrictions and the tightening in financial conditions.

USDTRY saw relatively small reaction to today’s CBRT interest rate decision. Currency pair continues to trade around 8.60 level. Source: xStation5

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