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The central bank announced the decision of the interest rate.
The Bank has left a repo rate of one week at 17.75%
Markets expect the Central Bank to increase by 100-125 basis points
When from its last meeting on June 7,
The domestic market reacted strongly to the CBRT's failure to change interest rates
The dollar / TL at the 4.76 level before the decision saw the initial reaction of 4.9150. The exchange rate fell to 4.89 points at one point, again reaching 4.94. The TL suffered a loss of more than 4% against the dollar.
Borsa Istanbul, which saw 95,500 in the first half of the day, fell to the level of 91,700 with a decrease of over 3% from 95,000.
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"The recently announced data point out that the trend towards the balance of economic activity has increased and that, with the protection of external demand, the signals of deceleration of internal demand
The cost trend in recent years and the volatility of food prices have had an impact on inflation, but it should be noted that price increases rely heavily on sub-elements.The effect of demand conditions will decrease inflation and inflation expectations continue to pose risks for high price behavior. [19659011] "All vehicles will continue to be used"
The Central Bank will continue to use all instruments in its main objective to maintain price stability in this context. Monetary policy will continue to be decisive until the prospects for inflation improve appreciably. Additional monetary tightening will be possible if necessary, closely monitoring inflation expectations, pricing behavior, lagged effects of monetary policy decisions, contribution to the stabilization of fiscal and monetary policy. other factors affecting inflation. "
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