The dollar exchange rate has been relatively calm for about four months (Figure 1). It comes to mind to question the reasons for the calmness and how long it will last. Calmness is, of course, a relative concept. Since the beginning of August, the currency basket (basket exchange rate), which consists of half a dollar
The Central Bank of the Turkish Republic (CBRT) lowered the policy rate further 100 basis points from 13 percent to 12 percent on Sep. 22 amid surging inflation and currency crisis. “The Committee has decided to reduce the policy rate by 100 basis points, and has assessed that the updated level of the policy rate
The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) convened on August 18 and lowered the policy rate by 100 basis points from 14 percent to 13 percent. This interest rate cut was a big surprise even for us who are skeptical of various ongoing incredible things in our beautiful country.