The Central Bank of Republic of Turkey announced the interest rate decision at 12:00 pm BST. It was expected that the Bank would cut rates from 9.75% to 9.25%. However, Turkish central bankers decided to deliver a 100 basis points cut, to 8.75%. USDTRY jumped on the news and broke above the previous intraday high at 6.9860.
USDTRY jumped after CBRT delivered a deeper than expected rate cut. Source: xStation5
Chart of the day 🚩USDJPY with mixed reaction to cautious Bank of Japan decision. Is stagflation heading to Japan? (28.04.2026)
🔴Three markets to watch next week: all eyes on the Fed (24.04.2026)
BREAKING: US Department of Justice Drops Probe Against Powell❗️Dollar slides along bond yields 📉
Market Wrap: Indices try to recover on US-Iran negotiations hopes 🇪🇺 SAP surges 6% after earnings 📈