{"id":35705,"date":"2020-10-19T21:54:42","date_gmt":"2020-10-19T17:54:42","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=35705"},"modified":"2020-10-19T21:54:45","modified_gmt":"2020-10-19T17:54:45","slug":"turkey-expected-to-hike-rates-by-1-75","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkey-expected-to-hike-rates-by-1-75\/10\/19\/market-updates\/","title":{"rendered":"Turkey Expected to Hike Rates by 1.75%"},"content":{"rendered":"\n<p>The Central Bank of Turkey is expected to raise its main interest rate by 175 basis points to 12% this week, according to a Reuters poll.<\/p>\n\n\n\n<p>Despite a surprise 2% increase in interest rates last month, the Turkish Lira (TRY) declined by 4% against the US Dollar (USD), continuing its depreciation.<\/p>\n\n\n\n<p>Economists polled by Reuters expected rate hikes between 100 and 300 basis points.<\/p>\n\n\n\n<p>The TRY is trading lower today against the USD by 0.41%, with the USD\/TRY trading at 7.8898.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Turkey is expected to raise its main interest rate by 175 basis points to 12% this week, according to a Reuters poll. Despite a surprise 2% increase in interest rates last month, the Turkish Lira (TRY) declined by 4% against the US Dollar (USD), continuing its depreciation. Economists polled by Reuters &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7095],"class_list":["post-35705","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=35705"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35705\/revisions"}],"predecessor-version":[{"id":35706,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/35705\/revisions\/35706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32677"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=35705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=35705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=35705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}