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While the CBRT raised the policy rate by 475 basis points to 15 percent in line with expectations, it also signaled a simplification of monetary policy.
The BIST 100 index, which was at the 1,284 level before the decision, rose to 1,307 points with the buying strengthening. The BIST 100 index stood at 1,306-14.20, up 0.9 percent compared to yesterday’s close.
USD / TL fell sharply from the 7.71 level before the CBRT decision and fell to 7.5160. The dollar / TL is balanced at 7.6190 with a decrease of 1.3 percent compared to the previous close in the following minutes, while the euro / TL is trading at 9.0070 with a decrease of 1.6 percent. hundred.
The price of a gram of gold also decreased in parallel with the fall of the dollar exchange rate and saw 449.3 liras immediately after the decision. The gram of gold is at the level of 456 lira with a loss of value of 1.6 percent compared to the previous close.
Analysts noted that growing interest in Turkish lira assets after President Recep Tayyip Erdogan’s announcement of the “new era in the economy” continued in the footsteps of the CBRT in line with expectations.
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