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 |
|
|
24.0434 -130571 pips |
36.5741 +5264 pips |
37.10048 | |
| USDTRY |
|
|
33.6316 -20114 pips |
21.4646 +141784 pips |
35.64296 | |
| GBPTRY |
|
|
43.9330 -8 pips |
0 +439338 pips |
43.93375 |
News (TRY)
Turkish CB Cuts Interest Rate For First Time Since Early 2023
Turkey's central bank lowered its key policy rate on Thursday, signaling a start to the easing cycle, after maintaining the key interest rate at a high level since the summer of 2023 amid the elevated inflationary pressures.
RTTNews | 26 days ago
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 | 334 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 | 397 days ago
