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BREAKING: CBRT leaves rates unchanged, TRY muted

12:02 PM 27 April 2023

Central Bank of the Republic of Turkey announced its latest rate decision today at 12:00 pm BST. Market expected CBRT to hold the main 1-week repo rate unchanged at 8.50% for another month. There was no surprise as rates were left unchanged. Such a decision was widely expected and therefore no major reaction could be spotted on TRY market afterwards.

USDTRY barely moved after an expected CBRT decision to hold rates unchanged. Source: xStation5

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