USD/TL Rate Awaits Interest Rate Decision

USD/TL rate awaits the interest rate decision. Turkish Lira maintains its composure against the US dollar ahead of interest rate decision which will be announced after the policy meeting by the Central Bank of the Republic of Turkey.

USD/TL rate awaits the interest rate decision. Turkish Lira maintains its composure against the US dollar ahead of interest rate decision which will be announced after the policy meeting by the Central Bank of the Republic of Turkey. The US dollar/TL rate, which completed yesterday at 7.4248, did not change much before the policy decision of the Monetary Policy Committee (MPC) to be announced in the first meeting of 2021. Dollar / TL was traded at 7.4094 with a loss of about 0.21 percent at 10:05 am, while Euro/TL rate increased by 0.14 percent to 8.9964. The currency basket was recorded as 8.2031. The Bloomberg Dollar Spot Index (BBDXY), which measures the value of the dollar against major currencies, fell 0.19 percent to 1,119.35 points.   CBRT will Announce its Interest Rate Decision Today The focus of the domestic markets are turned to the interest rate decisions which will be announced by the Central Bank of the Republic of Turkey (CBRT) today. According to the results of the interest survey prepared by Bloomberg HT Research Unit, economists predicted that the CBRT will keep the policy rate at 17 percent at the first meeting of the new year. Naci Ağbal, who was appointed in November, raised the policy rate by 4.75 points in the first meeting he attended and 2 points in the second meeting. However, the policy rate had reached 17 percent. The yield of the two-year Treasury bonds decreased by 1 basis point to 14.8 percent in Turkey. The yield of 10-year dollar denominated Treasury bonds fell by 3 basis points to 5.82 percent. The 5-year loan default swap (CDS) premium rose by 2 basis points to 335 basis points. After closing yesterday's transactions with an increase of 0.28 percent, the BIST 100 Index started Thursday with 0.55 percent increase.