Turkish lira has fallen in price

16:17 - 21.10.2021

October 21, Fineko/abc.az. The Central Bank of the Republic of Turkey has announced another interest rate decision.

ABC.AZ reports that the main bank of Turkey lowered the interest rate on monetary policy from 18% to 16%.

This is more than economists expect, and they predict a decrease of 0.5 points to 17.5%.

After the decision, the fall of the Turkish lira accelerated.

The dollar/TL exchange rate was 9.4867. The lira lost 2.5% of its value against the dollar.

 

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