Turkish Lira Strengthens, CBRT Leaves Interest Rate Unchanged 24% - Forex News by FX Leaders

Turkish Lira Strengthens, CBRT Leaves Interest Rate Unchanged 24%

Posted Wednesday, March 6, 2019 by
Arslan Butt • 1 min read

The Central Bank of the Republic of Turkey, CBRT has left the interest rate unchanged at 24.0% vs. 24.0%. There’s no surprise in it as economists’ consensus was also 24.0%.

Turkish Lira has gained a bit of a bullish momentum as the steady rate indicates the central bank’s confidence in the Turkish government and economic growth.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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