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USD/TRY extends the day's gains to.....>

TURKISH LIRA
TURKISH LIRA: USD/TRY extends the day's gains to hit the best levels since
October 2019 as the Turkish central bank keep rates unchanged (against some
outside expectations of a rate hike), rallying closer toward the Try6.00 mark.
CBRT cite that they are to maintain tight policy until the inflationary outlook
improves significantly, removing their pledge for further tightening "if
needed". TRY now comfortably the poorest performer among EMFX so far Thursday.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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