ForeXistenZ › Central banks › CBRT
Central Bank of the Republic of Türkiye (CBRT)
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Fights for the lira — a lesson in what inflation does to a currency.
How the CBRT moves the TRY
A central bank sets the interest rate on its currency. Traders compare that rate with the rates of other central banks; the wider the gap, the stronger the pull of money towards the higher-yielding currency. That is why the minutes before a CBRT decision are among the most volatile of the month for the TRY. Book I and Book II of the ForeXistenZ trilogy show how to prepare for these days — and when to stay out.
Frequently asked
What does the Central Bank of the Republic of Türkiye do?
Fights for the lira — a lesson in what inflation does to a currency.
Where is the Central Bank of the Republic of Türkiye?
The Central Bank of the Republic of Türkiye (CBRT) is in Ankara, Türkiye.
Why do forex traders watch the CBRT?
Interest rates are the price of a currency. When the CBRT raises or cuts rates — or only hints at it — money moves into or out of the TRY, and TRY reacts within seconds.
Where are the CBRT’s decisions published?
Official decisions, statements and the meeting calendar are published on https://www.tcmb.gov.tr.
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Other central banks
BOIBank of Israel
Jerusalem, Israel — Manages the shekel.
NBPNarodowy Bank Polski
Warsaw, Poland — One of the most determined gold buyers among the world’s central banks.
SAMASaudi Central Bank
Riyadh, Saudi Arabia — Keeps the riyal pegged to the dollar — the foundation of oil priced in dollars.
RIKSBANKSveriges Riksbank
Stockholm, Sweden — The oldest central bank in the world, founded in 1668.
ECBEuropean Central Bank
Frankfurt, Euro area — Runs monetary policy for the twenty countries of the euro, the world’s second reserve currency.
SNBSwiss National Bank
Zurich / Bern, Switzerland — Guardian of the Swiss franc, the safe haven the market runs to when fear rises.