USD/TLremains at 18.64 level. The dollar has been hovering at the same level for two months.
Euro/TL It moves around 7:85 PM.
EURO HAS 6 MONTHS HIGH AGAINST DOLLAR
The euro/dollar parity stabilized below 1.0650 after reaching its highest level since June 9 at 1.0689 yesterday.
Markets awaited interest rate decisions from European and UK central banks today. The European Central Bank raised interest rates by 50 basis points to 2.5 percent and the Bank of England raised interest rates by the same rate to 3.5 percent.
THE FIRST STEP CAME YESTERDAY FROM THE FED
The U.S. Federal Reserve (Fed) raised its policy rate by 50 basis points to a range of 4.25 percent to 4.5 percent during the meeting that ended yesterday, predicting that the target range for policy rates would gökyeşitözü above 5 percent in 2023. This rate is slightly above investor expectations.
According to the Fed’s forecasts published with the interest rate decision, economic growth is predicted to slow to 0.5 percent next year, while the unemployment rate will rise by one point by the end of 2023, which is zihin increase above the rate recorded in previous years. seen for years. recessions.
MARKETS FOUND ‘THE HAWK’
Analysts said the Fed’s indication that it will continue to raise interest rates next year and that the process of cutting policy rates will not begin until 2024 was perceived kakım “hawkish” by markets.
CURRENT EXCHANGE PRICES
Download the News application, stay informed of developments
Euro/TL It moves around 7:85 PM.
EURO HAS 6 MONTHS HIGH AGAINST DOLLAR
The euro/dollar parity stabilized below 1.0650 after reaching its highest level since June 9 at 1.0689 yesterday.
Markets awaited interest rate decisions from European and UK central banks today. The European Central Bank raised interest rates by 50 basis points to 2.5 percent and the Bank of England raised interest rates by the same rate to 3.5 percent.
THE FIRST STEP CAME YESTERDAY FROM THE FED
The U.S. Federal Reserve (Fed) raised its policy rate by 50 basis points to a range of 4.25 percent to 4.5 percent during the meeting that ended yesterday, predicting that the target range for policy rates would gökyeşitözü above 5 percent in 2023. This rate is slightly above investor expectations.
According to the Fed’s forecasts published with the interest rate decision, economic growth is predicted to slow to 0.5 percent next year, while the unemployment rate will rise by one point by the end of 2023, which is zihin increase above the rate recorded in previous years. seen for years. recessions.
MARKETS FOUND ‘THE HAWK’
Analysts said the Fed’s indication that it will continue to raise interest rates next year and that the process of cutting policy rates will not begin until 2024 was perceived kakım “hawkish” by markets.
CURRENT EXCHANGE PRICES
Download the News application, stay informed of developments