The Central Bank of the Republic of Turkey raised its late liquidity window rate by 300 basis points from 13.5 percent to 16.5 percent on Wednesday (May 23) as a response to the increasing exchange rate of the US Dollar.
Following the Central Bank’s interest rate hike, the exchange rate of the US Dollar to Turkish Lira fell from the level of 4.92 TRY to 4.55 TRY.
But the exchange rate of US Dollar to Turkish Lira has started to rise again. With the opening of the markets, the US Dollar again reached the level of 4.80 TRY.
CHP EU Representation