How many Turkish Lira is the dollar – euro? What was the latest dollar exchange rate? The latest update on exchange rates in the interbank market…Exchange rates remained stable on the last business day of the week. The Dollar/TL was trading around 34.22. Euro/TL found buyers at the level of 37.12. The Central Bank kept the policy rate at 50 percent as expected yesterday. This means that the interest rate has not changed for seven consecutive months. The Central Bank’s messages regarding inflation drew attention. The bank stated that there is an increasing trend in inflation’s core trend, and uncertainties about the speed of recovery are rising. Economists said that there was no clear indication of an interest rate cut in the MPC text. WHEN IS THE FIRST INTEREST RATE CUT? Economists said that there was no clear indication of an interest rate cut in the MPC text. Economists suggest that the door for a cut in November is not completely closed, indicating a higher probability of a cut in December and January. The first inflation data for the last quarter will be announced in November, followed by the publication of the current inflation report. All of these will help clarify the Central Bank’s interest rate cut cycle according to market expectations.