(hooly-news.com) – 7.932 Turkish liras (-1.57%) was needed to get a dollar in the afternoon as the central bank disappointed traders. The financial institution left its main policy rate unchanged at 10.25%, surprising almost all specialists who expected a further hike. It had been raised by 200 points at the end of September.

“A significant tightening of financial conditions has been achieved, following the monetary policy and liquidity management measures taken to contain inflation expectations and the risks weighing on the inflation outlook,” the Central Bank justified.