The dollar and the euro rose after President Recep Tayyip Erdogan’s announcement of the central government budget implementation results for 2020 at the acceptance of the DEİK Board of Directors.
Emphasizing that the interest rate should be lowered, President Erdoğan said, “The main job is to reduce inflation by lowering the interest rate. We will soon share these reforms with the public. We will quickly take steps in line with our reform agenda.”
POLICY INTEREST IS EXPECTED TO STAY FIXED
On the other hand, the Central Bank (CBRT) is expected to keep the policy rate unchanged at 17% at the first Monetary Policy Committee (MPC) meeting of the year next week. The Central Bank will announce its interest rate decision on January 21 at 14:00.
The dollar taken from 7,3700 lira in the free market is sold for 7,3720 lira. The selling price of the Euro purchased at 8,9470 lira was determined as 8,9490 lira.
At the closing yesterday, the selling price of the dollar was 7.3820 lira and the selling price of the Euro was 8.9590 lira.
Source: Cumhuriyet Gazetesi – Güncel by www.cumhuriyet.com.tr.
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