While the turmoil of the diplomatic crisis between Turkey and the Netherlands continues, all eyes are on the Federal Reserve and the Turkish Central Bank regarding the decision on interest rates.
Today USD/3.74 TL. Euro/3.99 TL. GBP/4.5540TL
While the Fed is expected to raise interest rates tomorrow night, the President Turkey’s Central Bank Murat Cetinkaya has signalled that he might go for extra monetary tightening. The Central Bank will announce the interest rate on Thursday.