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Turkish Rate Decision

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The Central Bank of the Republic of Turkey’s (CBRT) Monetary Policy Committee votes on setting the overnight interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the TRY (Turkish Lira), while a lower than expected rate is negative/bearish.

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Hungarian Interest Rate

In Trade Plans by CathyLeave a Comment

The Hungarian National Bank Monetary Policy Committee’s decision on where to set the benchmark interest rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the HUF – (Hungarian Forint), while a lower than expected rate is negative/bearish for the HUF.