Fate of Turkish lira is decided – a new decision to be taken today

12:09 - 19.11.2020

November 19, Fineko/abc.az. Today may be a crucial day for the Turkish Lira.

ABC.AZ reports that the Central Bank of Turkey will publish its interest rate decision at 3 pm on Baku time.

The interest rate decision to be made today will be the first interest rate decision of the new chairman of the Central Bank of Turkey, Naji Agbal.

Experts expect that the Central Bank will raise at today’s meeting the interest rate by 4.75 points and bring the percentage of the main monetary policy to 15%. Experts believe that if the forecast is implemented, this will be the highest percentage growth after 6.25 points of percentage growth in September 2018.

 

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