Bank

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/turkish-central-bank-keeps-interest-rates-steady/" data-wpel-link="internal">Turkish Central Bank Keeps Interest Rates Steady</a><br></p>
<p style="text-align: justify">Turkish cryptocurrency investors represent a significantly large global audience. TRY pairs are also notable. Especially in <a href="https://en.coin-turk.com/latest-developments-in-binance-case-former-compliance-director-fined-1-5-million/" data-wpel-link="internal">Binance</a> listings, we see that TRY pairs are not neglected alongside USD pairs. This shows that Turkish investors remain active in the markets even during the toughest times.</p> 
<h2 style="text-align: justify" id="tcmb-interest-rate-decision">TCMB Interest Rate Decision</h2> 
<p style="text-align: justify">Of course, what will trigger movement in TRY pairs are fluctuations in the Turkish lira. The decision of the Central Bank of the Republic of Turkey today is very important for this reason. The central bank, which kept <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a> steady at 50% in June and aimed to reduce inflation, has just announced its latest decision.</p> 
<p style="text-align: justify">Although delayed, by rapidly increasing interest rates, the CBRT has slowed the depreciation of the TL. Today, under the chairmanship of Fatih Karahan, the Monetary Policy Committee (MPC) announced the seventh interest rate decision of the year, and as expected, the rates were kept steady.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-373109 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/USDTTRY_2024-07-23_14-01-04.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">In September, after the Fed makes its first rate cut, Turkey might also be encouraged to make cuts. Although central banks of countries like China, the EU, and Canada have started cuts this year, the Fed is not yet convinced of a decline in inflation. This indicates that unless there is a surprise after the recent positive <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, the first cut will be made, albeit delayed, by September.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/turkish-central-bank-keeps-interest-rates-steady/" data-wpel-link="internal">Turkish Central Bank Keeps Interest Rates Steady</a></h5>

Turkish Central Bank Keeps Interest Rates Steady

Indice dei contenuti

COINTURK NEWS

Altri articoli pubblicati su 23 lug 2024

Bitcoin Within a Re-Accumulation Phase: Here’s When BTC Price Could Break to New ATH!

Trump quashes reports on Jamie Dimon and Larry Fink as his Treasury Secretary

Exploring Moon Mouse: The Stellar Mouse of the Solana Network

Bitcoin Price Drops Below $67,000

Vitalik Buterin introduces Circle STARKs for blockchain efficiency

Top Crypto to Invest In: Moonhop Presale Hits $995K; XRP Volume and Avalanche (AVAX) Predictions ...

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!