BREAKING: Turkey lifts interest rate to 17.00%

The Central Bank of the Republic of Turkey raised its benchmark interest to 17.00 % while the markets expected increase to 16.50%. after the country's consumer price inflation surged to 14% in November, its highest since August 2019 and well above the 3%-7% target. Policymakers noticed that uncertainties surrounding the global economic activity prevail due to a recent increase in Covid-19 cases, despite vaccine rollout. The central bank added that tightness of monetary policy stance will be decisively sustained until strong indicators point to a permanent fall in inflation in line with the targets and to price stability.

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

18 September 2026, 2:23 PM

BREAKING: US industrial production & manufacturing data lower than expected

18 September 2026, 11:26 AM

Yen loses ground after the BoJ decision

18 September 2026, 8:21 AM

Hawkish remarks by BOJ Governor strengthen the yen – key takeaways

18 September 2026, 7:23 AM

🏯Chart of the Day: Yen in a Trap. BoJ Hike That Weakened the Currency (18.09.2026)

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