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Turkey Inflation Rate YoY
Food and non-alcoholic beverages (23.7% of total weight), housing, water, electricity, gas, and other fuels (15.9% of total weight), and transportation (14.3% of total weight) are the most significant categories in the consumer price index in Turkey. Among the others are furniture, domestic equipment, and routine maintenance (8%), hotels, cafes, and restaurants (7.5%), clothing and footwear (7.4%), alcoholic beverages, and cigarettes (5%). Miscellaneous goods and services (4.7%), communication (4.4%), recreation and culture (3.8%), health (2.7%), and education (2.6%), are also included in the index.
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 |
|
|
31.3484 -97772 pips |
36.5741 +45515 pips |
41.12560 | |
| USDTRY |
|
|
38.0000 +133 pips |
7.3371 +306496 pips |
37.98671 | |
| GBPTRY |
|
|
46.6930 -24461 pips |
0 +491391 pips |
49.13913 |
News (TRY)
Turkey Central Bank Slashes Rate By 250 Bps
Turkey's central bank lowered its benchmark rate for the third straight time on Thursday as the underlying trend of inflation softened. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to reduce the policy rate to 42.5 percent from 45.0 percent, as widely expected. The bank had reduced the rate by 250 basis points each in December and January.
RTTNews | 23 days ago
Turkey Central Bank Slashes Rate For Second Straight Time
Turkey's central bank slashed its benchmark rate by 250 basis points for the second straight meeting on Thursday as inflation slowed more sharply towards the end of 2024. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, or CBRT, headed by Yasar Fatih Karahan decided to cut the policy rate to 45.0 percent from 47.5 percent.
RTTNews | 65 days ago
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 | 93 days ago
