{"id":181471,"date":"2023-10-26T16:26:30","date_gmt":"2023-10-26T10:56:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=181471"},"modified":"2023-10-26T16:26:30","modified_gmt":"2023-10-26T10:56:30","slug":"smaller-than-500-bps-hike-might-initially-hit-the-lira-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/smaller-than-500-bps-hike-might-initially-hit-the-lira-ing-crypto-news\/","title":{"rendered":"Smaller than 500 bps hike might initially hit the Lira \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Today, the Central Bank of T\u00fcrkiye (CBT) announces its policy decision. Economists at ING analyze Lira\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a> ahead of the announcement.<\/p>\n<h2 class=\"fxs_headline_medium\">CBT currently has the TRY locked in a managed depreciation regime<\/h2>\n<blockquote>\n<p>The vast majority of economists, ourselves included, expect a 500 bps hike. There is a minority, however, looking for a smaller 250 bps hike. A smaller hike might initially hit the Turkish Lira on the view that the CBT is reluctant to take real rates into positive territory.<\/p>\n<\/blockquote>\n<blockquote>\n<p>However, we suspect there will be demand for Lira through the forwards market were the year-end outright to be priced substantially above 30.00. We say this because it looks like the CBT currently has the TRY locked in a managed depreciation regime, with a seeming target of around 30.00 at year-end.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Today, the Central Bank of T\u00fcrkiye (CBT) announces its policy decision. Economists at ING analyze Lira\u2019s outlook ahead of the announcement. CBT currently has the TRY locked in a managed depreciation regime The vast majority of economists, ourselves included, expect a 500 bps hike. There is a minority, however, looking for a smaller 250 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":15042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,684,250,252,247,253,249,851,384,256,254],"class_list":["post-181471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-interestrate","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-turkey","tag-usdtry","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=181471"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181471\/revisions"}],"predecessor-version":[{"id":181472,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/181471\/revisions\/181472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/15042"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=181471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=181471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=181471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}