CBRT Keeps Policy Rate Steady at 37%

The CBRT's decision to keep the policy rate unchanged is in line with market expectations. This signals that the current tight monetary policy will continue in the fight against inflation. In the short term, no significant directional movement is expected in TRY assets and domestic markets, but global risk appetite and foreign exchange flows will continue to determine local market sensitivity.

The CBRT's decision to keep the policy rate unchanged can be considered in line with market expectations and may not trigger excessive movement in the Turkish Lira in the short term. Technical indicators present a mixed picture; the RSI is in neutral territory, the MACD is positive, but the price is trading very close to short-term averages. In the short term (1-3 days), the most likely scenario appears to be for USD/TRY to consolidate, fluctuating around current levels within the 44.80-45.05 band.

The CBRT's decision to keep the interest rate unchanged is in line with expectations, indicating that the TRY continues to be supported by interest rates. EUR/TRY is trading below the 20 and 50-day moving averages, with the RSI near the neutral zone at 43, signaling weak momentum. The MACD is below the signal line, but the divergence is minimal, suggesting limited selling pressure. In the short term, the pair may exhibit a slight downward trend, driven by the perception that the interest rate decision favors the TRY and the weak technical indicators.

The CBRT's decision to keep interest rates unchanged is in line with expectations and could have a neutral impact on the TRY. However, the technical indicators for GBP/TRY present a mixed picture; the price is above short-term averages and the RSI is in neutral territory, but the MACD shows weak momentum above the signal line. Overall, due to the limited support the interest rate decision provides for the TRY and the uncertainty in the technicals, the pair appears likely to experience a slight decline in the short term.