[ad_1]
While the dollar rate rose to 4.72 lire, the 10-year reference bond interest rate was 17.74%. The interest rate of two-year benchmark bonds also reached 19.98%, reaching the highest level of the last decade. In the interbank market, the last transactions were made from 4.6749 lire, while the last transaction on 2-year bonds was 19.95%, while on 10-year bonds it was 17.65%.
Consumer inflation reached its highest level in 2003, with 15.39% annualized in June, reaching the peak of the last 14 years. Producer inflation has also increased to 23.71% per annum. The events of inflation have turned the eyes on the central bank. The Central Bank, the Monetary Policy Committee, will meet on 24 July. Analysts note that the outcome and actions to be taken from this meeting are critical. A banker who spoke to Reuters said the 10-year benchmark bond rate was high and the two-year bond rate could exceed 20%. "We do not see any foreign interest in the Turkish lira despite high interest rates.The swap market is valued at a 75 basis point interest rate for three months, which should not calm the fears of inflation. Already the economy is slowing down, there is no stranger waiting for another round of interest. Another difficult period is waiting for us in terms of TL
class = & gt; & gt; & gt; & gt; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & gt June The week ended Friday fell 4 billion 563 million to the lowest level since January 2012. During the same week, the bank's gold reserves declined by $ 495 million. of the bank, including gold, fell below $ 100 billion for the first time in the last six years to reach $ 98.4 billion. The bank's total reserves, including gold, reached their highest level in December 2013, at $ 135.9 billion. When President Murat Çetinkaya took over, total reserves amounted to $ 114.6 billion.
Source link
