{"id":37335,"date":"2020-11-18T17:39:03","date_gmt":"2020-11-18T13:39:03","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=37335"},"modified":"2020-11-18T17:39:08","modified_gmt":"2020-11-18T13:39:08","slug":"turkish-lira-declining-a-day-before-an-important-interest-decision","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkish-lira-declining-a-day-before-an-important-interest-decision\/11\/18\/market-updates\/","title":{"rendered":"Turkish Lira Declining a Day Before an Important Interest Decision"},"content":{"rendered":"\n<p>The Turkish lira fell on Wednesday, November 18, a day before the central bank\u2019s important interest rate decision, as it remained at levels reached last week due to expectations of a sharp rate hike.<\/p>\n\n\n\n<p>By 07:29 GMT, the lira was at 7.73 per dollar, compared with 7.7150 at Tuesday&#8217;s close. Earlier, it fell to 7.76 and remained in the range of 7.7-7.8 for most of this week, down 24% since the start of the year.<\/p>\n\n\n\n<p>Markets are now focusing on the interest rate decision planned in the first meeting chaired by the new central bank governor, Naji Iqbal, who is expected to adopt a tougher approach to monetary policy.<\/p>\n\n\n\n<p>A Reuters poll revealed that the bank is expected to raise the interest rate to 15% tomorrow, Thursday, from 10.25% at the present time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish lira fell on Wednesday, November 18, a day before the central bank\u2019s important interest rate decision, as it remained at levels reached last week due to expectations of a sharp rate hike. By 07:29 GMT, the lira was at 7.73 per dollar, compared with 7.7150 at Tuesday&#8217;s close. Earlier, it fell to 7.76 &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34416,"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":[7242,6871],"class_list":["post-37335","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-try","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37335","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=37335"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37335\/revisions"}],"predecessor-version":[{"id":37336,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37335\/revisions\/37336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34416"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=37335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}