Central Bank interest rate decision awaited, exchange rates on the rise
While Turkey awaits the Central Bank's interest rate decision, Germany's producer prices rose, France's bond yields increased, and exchange rates followed an upward trend.
As eyes in the Turkish markets turn to the interest rate decision to be announced by the Central Bank, data coming from European economies and the mobility in exchange rates maintain their place on the agenda.
The Central Bank's interest rate decision is awaited in the Turkish markets today. While economists' predominant expectation is for the policy rate to be reduced from 37 percent to 36 percent, Goldman Sachs and Societe Generale forecasted that the interest rate would be kept steady due to inflation expectations. Meanwhile, in the foreign exchange market, the dollar is trading at 49.63 TL, the euro at 55.91 TL, and the pound sterling at 66.63 TL.
Sources
- haberkibris.com · Link