Investing.com – The Monetary Policy Committee of the Central Bank of the Republic of Turkey, as announced yesterday, kept the monetary policy rates unchanged for April. The committee, chaired by Fatih Karahan, decided to maintain the one-week repo rate at %37.
The committee also kept the overnight lending rate at %35.50 and the overnight borrowing rate at %40. Thus, the Central Bank, as anticipated, did not change the interest rates significantly.
The dollar/lira exchange rate did not show any significant change in response to the gold price. Consequently, the international on-shore gold price index continues to influence the direction of gold prices in the domestic market.
Markets Focus on Upcoming Inflation Data and Central Bank Liquidity Measures
Following the Central Bank’s monetary policy decision, markets paid close attention to the upcoming inflation data and the Central Bank’s liquidity measures. The focus shifted towards a wait-and-see approach after the policy decision.
The Central Bank’s current stance, aimed at addressing domestic imbalances and global risk appetite fluctuations, was observed. A chart displaying the market reaction after the policy decision, which showed no significant negative price movement, was revealed.
