11:05 AM · 24 October 2019

Breaking news: CBRT cuts rates more than expected

The Turkish central bank slashed its one week overnight repo rate to 14% from 16.5%, well more than the consensus suggesting a cut to 15.5%. It was another rate cut in a row which exceeded markets' expectations. The USTRY has risen to some extent following the decision.

USDTRY, H4. Source: xStation5

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Daily summary - Government stays shut, Market declines, crypto recovers

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