The Turkish lira fell today after Turkey’s central bank unexpectedly decreased its interest rates, following central banks of other nations in monetary policy easing.
Turkish Lira TRY
Detailed information and fundamental factors
Central Bank: Central Bank of the Republic of Turkey
Interest Rate: 11.50%
Public Debt to GDP Ratio, 2010: 43%
Trade Balance, 2010: -$56.4 bln.
Inflation, 2010: 8.6%
Supporting Factors
High-yielding interest rates
strong
Factors of Weakness
High-risk emerging economy
weak
Turkish Lira News Archive
Turkey’s Central Bank Lowers Interest Rates, Lira Reacts Negatively
February 21st, 2012 at 18:01
Turkish Lira
Lira Falls as Bailout for Greece Postponed
February 10th, 2012 at 10:31
Turkish Lira
The Turkish lira fell today as demand for riskier currencies with higher yield was deterred after the European Union held back the next portion of bailout for Greece.
Turkish Lira Down Ahead of EU Summit
January 30th, 2012 at 11:08
Turkish Lira
The Turkish lira was down today after four sessions of gains as investors preferred a cautious approach during the discussions about a Greek debt haircut, avoiding riskier assets.
JPMorgan Boosts Turkish Lira
The Turkish lira gained today, touching the highest level in a month, after JPMorgan Chase & Co. said it prefers the lira to the rand as the Turkish central bank has stronger defense.