Turkish lira gains value against US dollar on eve of Central Bank meeting

Turkish lira gains value against US dollar on eve of Central Bank meeting

ANKARA - Anadolu Agency
Turkish lira gains value against US dollar on eve of Central Bank meeting

The Turkish lira gained ground against the U.S. dollar on Sept. 12 ahead of the monetary policy committee meeting of the Turkish Central Bank.

The dollar/lira exchange rate fell 6.3512 by around 14.30 local time (1130 GMT), down 1 percent. The rate hit the lowest level in two weeks.

Earlier on Sept. 12, the U.S. dollar/Turkish lira exchange rate stood at 6.4440 as of 9.30 a.m. local time (0630GMT).

The bank is expected to raise interest rates on Sept. 13.

On Sept. 3, the bank announced that it will continue to use all available instruments in pursuit of the price stability objective.

Currently, the interest rates are below the annual inflation level in Turkey.

According to the country’s statistical authority TurkStat, Turkey’s annual inflation was 17.90 percent in August, up from July’s figure of 15.85 percent.

Economy,

Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant() Hamas official says group would lay down weapons in case of a two-state solution

Hamas official says group would lay down weapons in case of a two-state solution
LATEST NEWS

  1. Hamas official says group would lay down weapons in case of a two-state solution

    Hamas official says group would lay down weapons in case of a two-state solution

  2. Business morale improves, capacity utilization rises in April

    Business morale improves, capacity utilization rises in April

  3. Annual rise in home prices continues to slow

    Annual rise in home prices continues to slow

  4. Boeing to give $425 million advance payments to Spirit

    Boeing to give $425 million advance payments to Spirit

  5. Meta more than doubles profit in first quarter

    Meta more than doubles profit in first quarter
Recommended
Business morale improves, capacity utilization rises in April

Business morale improves, capacity utilization rises in April
Annual rise in home prices continues to slow

Annual rise in home prices continues to slow
Boeing to give $425 million advance payments to Spirit

Boeing to give $425 million advance payments to Spirit
Meta more than doubles profit in first quarter

Meta more than doubles profit in first quarter
Short-term external debt at $174 billion

Short-term external debt at $174 billion
Domestic tourism spending rises 100 percent in 2023

Domestic tourism spending rises 100 percent in 2023
Renault revenue rises despite negative currency hit

Renault revenue rises despite negative currency hit
WORLD Hamas official says group would lay down weapons in case of a two-state solution

Hamas official says group would lay down weapons in case of a two-state solution

A top Hamas political official told The Associated Press the Islamic militant group is willing to agree to a truce of five years or more with Israel and that it would lay down its weapons and convert into a political party if an independent Palestinian state is established along pre-1967 borders.
ECONOMY Business morale improves, capacity utilization rises in April

Business morale improves, capacity utilization rises in April

Business morale improved while the capacity utilization rate in the key manufacturing sector increased in April, separate data from the Central Bank showed on April 24.
SPORTS Tour of Türkiye embarks on 8-stage journey

Tour of Türkiye embarks on 8-stage journey

The 59th Presidential Cycling Tour of Türkiye (TUR) kicks off on April 21 in the Mediterranean resort city of Antalya with the participation of 25 professional cycling teams.