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 |
|
|
24.0434 -130998 pips |
36.5741 +5691 pips |
37.14321 | |
| USDTRY |
|
|
33.6316 -20130 pips |
21.4646 +141800 pips |
35.64455 | |
| GBPTRY |
|
|
43.9330 -23 pips |
0 +439353 pips |
43.93530 |
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
