Dollar/TL hits record after interest rate cut

The Central Bank's interest rate cut move caused a depreciation in TL instruments. As the dollar tested its new peak, the 10-year benchmark interest rate rose to 18 percent. Sales in the stock market remained relatively limited.

Moving upwards with the US Federal Reserve's (Fed) message that "asset reduction will start soon" and exceeding 8.65, the dollar/TL rose to 8.80 with an increase of more than 1 percent after the CBRT's decision to cut interest rates by 100 basis points. He tested it on. Dollar/TL reached its all-time high with 8.8021. The all-time high in Dollar/TL was seen on June 2 with 8,8008. While 10.33 was seen in Euro/TL, Sterling/TL climbed up to 12.05.

With the first reaction, there was a slight decline in exchange rates, where sharp rises were experienced. Dollar/TL changes hands at the level of 8.75, euro/TL at the level of 10.27, and sterling/TL at the level of 12.

Efforts to stay above 1400 in the stock market

Borsa Istanbul, which started the day on a positive note and was at the level of 1,414 points with an increase of 0.5 percent before the decision, erased its gains. Borsa Istanbul BIST 100 Index turned negative around 0.5 percent and went down to 1394 points. The index is trying to stay above 1400.

10-year interest rate climbed

After the interest rate cut, the 10-year benchmark interest rate increased by nearly 4 percent. The benchmark interest rate rose to 18.02 percent after the decision. After the first reaction, the interest is at 17.98 percent.