Central Bank of Republic of Turkey announced its latest monetary policy decision today at 11:00 pm GMT. Bank decided to hike rates by 500 basis points, with main one-week repo rate jumping from 35.00 to 40.00%. Median expectations among economists were for a 250 basis point rate hike. CBRT pledged in a statement to slow the pace of tightening going forward.
Turkish lira gained following the decision with USDTRY slumping around 0.9% in a knee-jerk move. However, big part of this drop has been erased already.
Source: xStation5
Daily Summary - Powerful NFP report could delay Fed rate cuts
BREAKING: US100 jumps amid stronger than expected US NFP report
Economic calendar: NFP data and US oil inventory report 💡
Morning Wrap: Dollar in a trap, all eyes on NFP 🏛️(February 11, 2026)