Bank AI

Bitcoin

April

The Central Bank of the Republic of Turkey announced the interest rate decision for June, which the markets were eagerly waiting for. 
The CBRT Monetary Policy Committee increased the policy rate by 650 basis points to 15 percent at its regular meeting in April. 
<h2 id="after-the-decision-a-sharp-movement-occurred-in-the-dollar-rate">After the Decision, A Sharp Movement Occurred in the Dollar Rate</h2> 
<img decoding="async" class="alignnone size-full wp-image-115623" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/06/USDTRY_2023-06-22_14-02-08.png" alt="" width="2048" height="1292"> 
In the decision announced in July last year, the CBRT kept the interest rate constant at 14 percent for the 7th time in a row, cut interest rates in August, September, October and November, and kept the interest rate constant at 9 percent in December and January. 
In February, the CBRT cut the policy rate by 50 basis points to 8.5 percent. In March, interest rates were left unchanged at 8.5 percent. Similarly, interest rates were kept constant at 8.5 percent in April and May. 
The Central Bank of the Republic of Turkey was expected to increase the policy rate after 27 months. 
Today's CBRT Monetary Policy Committee held its first meeting under the chairmanship of Hafize Gaye Erkan after the changes in the economy management and made an important change in the interest policy. 
*Not investment advice. 
The post <a rel="nofollow" href="https://en.bitcoinsistemi.com/last-minute-cbrt-announced-its-much-awaited-june-interest-rate-decision-heres-the-reaction-of-the-dollar/">Last minute! CBRT Announced Its Much Awaited June Interest Rate Decision! Here's The Reaction Of The Dollar!</a> appeared first on <a href="https://en.bitcoinsistemi.com">Bitcoin Sistemi</a>

Last minute! CBRT Announced Its Much Awaited June Interest Rate Decision! Here's The Reaction Of The Dollar!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Jun 22, 2023

Polygon (MATIC) Named by TIME as One of Most Influential Companies

Bitcoin and Cryptocurrency Trading Bots

Bitcoin’s Recent Price Surge Triggers $537 Million in Profit-Taking

Anthony Pompliano Announces the Start of the Bitcoin Accumulation Race

Pepe coin emerges as top gainer amid market-wide rally

Binance Brazil Director Summoned to Testify Before Brazilian Parliament

Join our free newsletter for daily crypto updates!