Breaking: CBRT cuts policy rate by 100 basis points, USD/TRY fluctuates wildly

The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 100 basis points to 15% as expected.

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Turkey CBRT Interest Rate Decision meets forecasts (15%) in November

Turkey CBRT Interest Rate Decision meets forecasts (15%) in November
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USD/TRY approaches 11.0000 post-CBRT, new all-time highs

The Turkish lira fell off the cliff and pushed USD/TRY to new all-time peaks in levels just shy of the 11.0000 mark on Thursday. USD/TRY in fresh tops
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