Strong fall in dollar and euro after interest rate hike
Just before the Central Bank's interest rate decision, the dollar rose to 7.70 and the euro rose to 9.12. After the Central Bank increased the policy interest by 475 basis points, the dollar fell to 7.53 lira and the Euro to 8.91 lira at first.
The Central Bank Monetary Policy Committee (PPK) convened today under the presidency of Naci Ağbal for the first time.
This critical day started from $ 7.72 for dollars and from TL 9.15 for Euros. In the morning, the dollar fell to 7.65 and the euro to 9.06. Just before the interest rate decision, the dollar rose to 7.70, and the euro rose to 9.12.
After the PPK increased the policy rate by 475 basis points, the dollar fell to 7.53 lira and the euro to 8.91 lira at first.
In the world, the second wave of coronavirus and developments in vaccination are followed. Although there are good news about the vaccine, the increase in the number of cases makes the markets uneasy.