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Turkey

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European Open: Turkey could be headed for a runoff election

The Turkish lira sank to a fresh record low against the US dollar as President Erdogan remained in the lead, although has yet to enjoy an outright majority.

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May 15, 2023 05:43 AM

    The ‘Central Bank of Erdogan’ Sharpens its Rate-Cut Knife

    Turkey’s central bank announce their rate decision at 11:00 today. And, if prior meetings are anything to go by, we suspect it will be another lively one.

    Market chart showing uptrend

    Turkey’s inflation data may embolden Erdogan

    The inflation print beat expectations of 20.4% YoY, possibly because of the 200bps rate cut on October 21st!

    November 3, 2021 03:32 PM

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      Asian Open: Central Bank of Erdogan (CBOE) pulls no punches

      USD/TRY won currency of the day to hit new highs after ‘impartial’ President Erdogan’s hand-picked central bankers cut rates by 200 bps despite raging inflation.

      Market chart showing uptrend

      USD/TRY lurches higher as traders question the central bank’s independence, 10.00 next?

      Traders’ fears that the nominally independent central bank is becoming hopelessly politicized are being realized, causing a widespread loss of confidence in the lira...

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      October 18, 2021 06:23 PM
        Board of currencies

        Currency Pair of the Week: USD/TRY

        USD/TRY may be volatile this week as the markets try and figure out what to make of the new CBRT Governor

        March 22, 2021 09:05 AM
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          [VIDEO] Don’t forget the CBRT meeting on Thursday!

          Expectations are for the central bank to increase rates by 100 basis points

          March 17, 2021 02:47 PM
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            Currency Pair of the Week: USD/TRY

            USD/TRY should offer many trading opportunities this week

            November 16, 2020 07:19 AM
              Board of currencies

              USD/TRY: Lira Stabilizes After Turkey’s Central Bank Delivers Surprise Rate Hike

              USD/TRY remains a clear uptrend despite today’s dip, with rates still trading higher on the week and up nearly 20,000 pips (!) from the January lows.

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              September 24, 2020 01:19 PM

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