Turkey GDP Growth Rate YoY
In Turkey, the most important component in the country's GDP is household consumption accounting for 70% of total output. This is followed by gross fixed capital creation (22%) and government expenditure (15%). Exports of products and services contribute for 27% of GDP, whereas imports account for 32%, resulting in a 5% reduction in overall GDP.
A higher than expected figure should be seen as positive (bullish) for the TRY while a lower than expected figure should be seen as negative (bearish) for the TRY.
Forex Sentiment (TRY)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURTRY |
|
|
30.4039 -63012 pips |
36.6325 +726 pips |
36.70513 | |
| USDTRY |
|
|
33.9335 -12178 pips |
7.3371 +278142 pips |
35.15132 | |
| GBPTRY |
|
|
0 -442388 pips |
45.0622 -8234 pips |
44.23878 |
News (TRY)
Turkey Maintains Policy Rate At 45% Under New Governor
The Turkish central bank left its benchmark rate unchanged at the first policy meeting under the governorship of Fatih Karahan after a slew of rate hikes, and signaled that the rate will be maintained at the current level or will be tightened further in case of persistent deterioration in the inflation outlook.
RTTNews | 303 days ago
Turkish Central Bank Slows Pace Of Tightening
Turkey's central bank raised its benchmark rate by 250 basis points on Thursday to combat high inflation but the pace of tightening was reduced as policymakers assessed that it is close to the level required to establish the disinflation course. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, governed by Governor Hafize Gaye Erkan, decided to raise the one-w
RTTNews | 366 days ago
Turkish Central Bank Takes U-Turn By Lifting Key Rate By 650 Bps To 15%
Turkey's central bank raised its key interest rate for the first time in more than two years on Thursday, and massively, in the first meeting chaired by its newly appointed chief with the aim of establishing disinflation immediately and anchoring the inflation target. The Monetary Policy Committee, headed by the new Governor Hafize Gaye Erkan, decided to hike the policy rate by 650 bps to 15%.
RTTNews | 548 days ago
