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The Turkish lira is falling against the US dollar after the central bank's decision to cut interest

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The Turkish lira is falling against the US dollar after the central bank's decision to cut interest Empty The Turkish lira is falling against the US dollar after the central bank's decision to cut interest

Post by RamblerNash Thu Sep 23, 2021 9:57 pm

The Turkish lira is falling against the US dollar after the central bank's decision to cut interest 928749-9b436068-e106-403e-af69-08096ac06985
Thursday 23 September 2021 17:09
 
Istanbul / NINA / - The Turkish lira fell to 8.77 against the dollar following the central bank's decision on the interest rate.

The Turkish lira opened this morning at 8.66 against the dollar and followed a horizontal path until the announcement of the decision this afternoon, where the lira recorded 8.7443 in selling and 8.7413 in buying two hours after the decision was issued, while it recorded 10.2615 and 10.254 in buying and selling against the euro, respectively.

The Monetary Policy Committee decided this afternoon to reduce the interest rate on repurchase (repo) for a period of one week, from 19 percent to only 18 percent.

And the central bank stated in a statement that it will resolutely continue to use all the tools available to it until strong indicators appear indicating a permanent decrease in inflation and reaching the 5% medium-term target, in line with its main goal of price stability./End

https://ninanews.com/Website/News/Details?key=928749

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