fbpx

Daily Forex Analysis

usdtry-akram-17052022

Forex Signal For USD/TRY: Turkish Lira devalued by 2 Percent.

by Ross Sutton
May 17, 2022
2

Forex Signal For USD/TRY: Turkish Lira devalued by 2...

btcusd_17052022

Forex Signal For BTC/USD: Recovery from the Dangerous Breakdown

by Ross Sutton
May 17, 2022
10

Forex Signal For BTC/USD: Recovery from the Dangerous Breakdown...

eurusd-crispus-17052022

Forex Signal For EUR/USD: Looking to Hold Position on a Big Bearish Breakout

by Ross Sutton
May 17, 2022
5

Forex Signal For EUR/USD: Looking to Hold Position on...

gbpusd-crispus-17052022

Forex Signal For GBP/USD: Still Drawback to 1,2100 in Cards and Certificates

by Ross Sutton
May 17, 2022
4

Forex Signal For GBP/USD: Still Drawback to 1,2100 in...

Load More
Wednesday, May 18, 2022
  • Privacy Policy
  • Terms of Service
  • Contact
ieconomy.io
  • Home Page
  • Markets
    • Cryptocurrency
    • Currencies
    • Stocks
    • Indices
      • Major World Indices
      • US Indices
      • S&P Sectors
      • Currency Indices
    • Features
      • Agricultural
      • Energy
      • Currencies
      • Metals
      • World Indices
      • Interest Rates
    • Bounds
      • Major 10Y
      • Americas
      • Europe
      • Asia
      • Pacific
      • Middle East
      • Africa
    • CFDs
      • Agricultural
      • Energy
      • Metals
      • World Indices
      • Bond and Interest Rate
  • News
    • Stock News
    • Share News
    • Commodity News
    • Currency News
    • Currency Compare
    • Crypto News
  • Analysis
    • Daily AnalysisNEW
    • Economic Calendar
    • Exchange
    • Currency
    • Commodity
    • Crypto Coins
    • Euro Bond
  • Education
    • Forex Training
    • Viop Training
  • Forex Signal
    • Stocks
    • Currencies
    • Crypto
    • Commodities
  • Graphics
    • All in One GraphicsNew
    • Technical Analysis
    • Stock Tracker
    • Forex Follower
    • Forex Cross Rates
    • Forex Temperature Map
    • Cryptocurrency Market
  • Türkçe
  • Login
  • Register
No Result
View All Result
ieconomy.io
  • Home Page
  • Markets
    • Cryptocurrency
    • Currencies
    • Stocks
    • Indices
      • Major World Indices
      • US Indices
      • S&P Sectors
      • Currency Indices
    • Features
      • Agricultural
      • Energy
      • Currencies
      • Metals
      • World Indices
      • Interest Rates
    • Bounds
      • Major 10Y
      • Americas
      • Europe
      • Asia
      • Pacific
      • Middle East
      • Africa
    • CFDs
      • Agricultural
      • Energy
      • Metals
      • World Indices
      • Bond and Interest Rate
  • News
    • Stock News
    • Share News
    • Commodity News
    • Currency News
    • Currency Compare
    • Crypto News
  • Analysis
    • Daily AnalysisNEW
    • Economic Calendar
    • Exchange
    • Currency
    • Commodity
    • Crypto Coins
    • Euro Bond
  • Education
    • Forex Training
    • Viop Training
  • Forex Signal
    • Stocks
    • Currencies
    • Crypto
    • Commodities
  • Graphics
    • All in One GraphicsNew
    • Technical Analysis
    • Stock Tracker
    • Forex Follower
    • Forex Cross Rates
    • Forex Temperature Map
    • Cryptocurrency Market
  • Türkçe
Wednesday, May 18, 2022
No Result
View All Result
ieconomy.io
No Result
View All Result

Breaking News: CBRT Announced its Interest Rate Decision

Eylem Özer by Eylem Özer
January 21, 2021
in Breaking News, EN, Markets, News
0
CBRT Published Its Monthly Inflation Report

CBRT Lowered The Interest Rate to 15 Percent

11
VIEWS
FacebookTwitterWhatsappTelegram

Breaking News: CBRT Announced its Interest Rate Decision

Breaking News: CBRT announced its interest rate decision. The Central Bank kept the policy rate constant at 17 percent.

Monetary Policy Committee of the Central Bank of the Republic of Turkey (CBRT) announced its policy rate. There was no interest change decision from the meeting, which started at 2 pm. The policy rate, which was 17 percent previously, is not changed.

Economists’ expectation was that the interest rate would be kept constant at 17 percent. In the text of the decision, which emphasized that it was decided to maintain the tight stance for a long time, the following statements were made:

“Economic activity is following a strong course. While the downside effects of the constraints due to the epidemic on the economy are more limited compared to the second quarter of last year, the slowdown in services and related sectors and uncertainties regarding the short-term outlook of these sectors continue. On the other hand, credit growth has started to slow down recently due to the tightening in financial conditions.

Domestic demand conditions, cumulative cost effects, especially the exchange rate, the rise in international food and other commodity prices, and high levels of inflation expectations continue to adversely affect pricing behavior and inflation outlook. It is expected that the slowing effects of the strong monetary tightening which was realized at the November and December MPC meetings on loans and domestic demand will become more evident, thus demand and cost factors that have an impact on inflation will gradually weaken. On the other hand, developments in international commodity prices, increased supply constraints in some sectors, and price and administered price adjustments maintain their importance on the medium term inflation outlook. Accordingly, the Committee, taking into account the 2021 year-end forecast target, resolved to maintain the tight monetary policy stance for a long time until strong indicators are formed that point to a permanent decline in inflation and price stability. Within the scope of strong indicators that point to a permanent decline in inflation and price stability, the underlying trend of inflation and indicators of pricing behavior, diffusion indices, demand and cost factors and inflation expectations will be closely monitored with the targets within the scope of the forecast. If necessary, additional monetary tightening will be made.

In addition to establishing price stability permanently, the tight monetary policy stance will positively affect macroeconomic and financial stability through the decrease in country risk premiums, the onset of reverse currency substitution, an upward trend in foreign exchange reserves and a permanent decline in financing costs.

In its decision-making processes, the CBRT adopts a medium-term perspective and an analysis framework based on all factors affecting inflation and the interaction of these factors. It should be emphasized that all kinds of new data and news to be announced may cause the Board to change its policy stance towards the future.”

 

CBRT President Emphasized Price Stability

Naci Ağbal, who took office in November, raised the policy interest rate by 4.75 points at the first meeting and by 2 points at the second meeting to 17 percent. In addition, Ağbal emphasized on price stability in every speech and underlined that price stability will be given priority the day after the December meeting.

 

In his presentation at the GNAT Plan and Budget Committee, Ağbal said the following:

“The positive relationship between price stability and stable and rapid growth stems from the improvement of business and investment environment by ensuring predictability in the economy. Price stability constitutes the most important measure of economic stability and long-term prosperity. Central banks make the greatest contribution to social welfare increase by providing price stability. CBRT will decisively implement the inflation targeting regime. Monetary policy decisions will be taken with the priority of price stability.”

 

 

You may also be interested in: What Should We Know Before CBRT Meeting?

Yatırım Botuna Kaydol! Yatırım Botuna Kaydol! Yatırım Botuna Kaydol!
Tags: breaking newsCBRT Announced its Interest Rate DecisionCBRT interest rate did not changeCBRT kept the policy rate constantCBRT President Naci AğbalCentral Bank of Turkey Republiceconomy newsfinancial newsMPC Meeting
Previous Post

The sharp rise in cases of COVID-19 will affect the recovery in oil demand

Next Post

737 MAX aircraft will receive permission to return to the air in Europe

Related Posts

G7 Takes Action For Crypto Regulations
Crypto News

G7 Takes Action For Crypto Regulations

May 18, 2022
2
Bullard Optimistic About Fed's Inflation Control Plan
EN

Bullard Optimistic About Fed’s Inflation Control Plan

May 18, 2022
2
Statement from Podolyak on the Negotiations
EN

Statement from Podolyak on the Negotiations

May 18, 2022
2
Apple Decided to Continue the Remote Working Model
EN

Apple Decided to Continue the Remote Working Model

May 18, 2022
2
Message from Powell to Fight Inflation
EN

Message from Powell to Fight Inflation

May 18, 2022
3
BTC is Still Rising in Value
Analysis

BTC is Still Rising in Value

May 17, 2022
3
Next Post
737 MAX aircraft will receive permission to return to the air in Europe

737 MAX aircraft will receive permission to return to the air in Europe

Please login to join discussion
G7 Takes Action For Crypto Regulations

G7 Takes Action For Crypto Regulations

May 18, 2022
Bullard Optimistic About Fed's Inflation Control Plan

Bullard Optimistic About Fed’s Inflation Control Plan

May 18, 2022
Statement from Podolyak on the Negotiations

Statement from Podolyak on the Negotiations

May 18, 2022
Apple Decided to Continue the Remote Working Model

Apple Decided to Continue the Remote Working Model

May 18, 2022
Message from Powell to Fight Inflation

Message from Powell to Fight Inflation

May 18, 2022
usdtry-akram-17052022

Forex Signal For USD/TRY: Turkish Lira devalued by 2 Percent.

May 17, 2022
BTC is Still Rising in Value

BTC is Still Rising in Value

May 17, 2022
44 Countries Come Together for Bitcoin

44 Countries Come Together for Bitcoin

May 17, 2022
Advice to Terra from Ethereum's Creator Buterin

Advice to Terra from Ethereum’s Creator Buterin

May 17, 2022
Turkey Statement by Stoltenberg: We will find a consensus

Turkey Statement by Stoltenberg: We will find a consensus

May 17, 2022




The most up-to-date address of economic and financial news from the world.

Categories

  • Analysis
  • Breaking News
  • Commodity
  • Commodity News
  • Considerable Content
  • Crypto Coins
  • Crypto News
  • Currency
  • Currency News
  • Daily Analysis
  • Daily Specials
  • Education
  • Education
  • EN
  • Exchange
  • Forex Signal
  • Forex Training
  • Forex Training
  • Markets
  • News
  • Share News
  • Stock News
  • Uncategorized
  • Viop Training

Recent News

G7 Takes Action For Crypto Regulations

G7 Takes Action For Crypto Regulations

May 18, 2022
Bullard Optimistic About Fed's Inflation Control Plan

Bullard Optimistic About Fed’s Inflation Control Plan

May 18, 2022
  • Privacy Policy
  • Terms of Service
  • Contact

© 2020 ieconomy.io - All rights reserved.

  • tr Türkçe
  • en English
  • Home Page
  • Markets
    • Cryptocurrency
    • Currencies
    • Stocks
    • Indices
      • Major World Indices
      • US Indices
      • S&P Sectors
      • Currency Indices
    • Features
      • Agricultural
      • Energy
      • Currencies
      • Metals
      • World Indices
      • Interest Rates
    • Bounds
      • Major 10Y
      • Americas
      • Europe
      • Asia
      • Pacific
      • Middle East
      • Africa
    • CFDs
      • Agricultural
      • Energy
      • Metals
      • World Indices
      • Bond and Interest Rate
  • News
    • Stock News
    • Share News
    • Commodity News
    • Currency News
    • Currency Compare
    • Crypto News
  • Analysis
    • Daily Analysis
    • Economic Calendar
    • Exchange
    • Currency
    • Commodity
    • Crypto Coins
    • Euro Bond
  • Education
    • Forex Training
    • Viop Training
  • Forex Signal
    • Stocks
    • Currencies
    • Crypto
    • Commodities
  • Graphics
    • All in One Graphics
    • Technical Analysis
    • Stock Tracker
    • Forex Follower
    • Forex Cross Rates
    • Forex Temperature Map
    • Cryptocurrency Market

© 2020 ieconomy.io - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In