USD/TRY: Is the Turkish lira a buy after the CBRT decision?

The Turkish lira rose slightly on Thursday after the Central Bank of the Republic of Turkey (CBRT) delivered a surprising rate decision. The USD/TRY pair retreated to 31.77, lower than this week’s high of 32.50.  CBRT surprise rate hike The CBRT concluded its two-day meeting on Thursday and caught investors and economists off-guard. The bank […]