The euro exceeds TL 15, the dollar skyrockets once again

The dollar and the euro have moved again as concern for Omicron, partly due to growing concern regarding the new variant of Covid-19.

While concerns that the impact of vaccines against the new Omicron variant of the coronavirus will decrease in global markets have led to sales, concerns that policy interest will fall despite rising inflation in Turkey continue to put pressure on the TL.

After breaking the record with 13.45 last week, the dollar /TL, which declined to 11.50, saw the level of 13.46 again today. The euro rose rapidly and saw the level of 15.21

CBRT signals another decrease in interest rate in December

While the CBRT, which has lowered rates by 400 basis points in the last three months, has signaled that it will make another rate cut in December, President Recep Tayyip Erdogan (of AK Party) said yesterday that he would not back down from a low interest rate policy.

This statement is said to have an additional impact on the upwards trend of dollar TL rate.