Turkish Lira Strengthens, CBRT Leaves Interest Rate Unchanged 24%
Arslan Butt•Wednesday, March 6, 2019•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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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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