The Central Bank raised its policy interest rate to 46 percent. Here is the current situation in the dollar and euro after the interest rate decision… Following the interest rate hike decision by the Central Bank, there was no significant change in the exchange rates. The USD/TRY traded around 38.10, while the EUR/TRY traded at 43.57. The Central Bank of the Republic of Turkey (CBRT) increased the policy rate for the one-week repo auction from 42.5 percent to 46 percent. The Board also raised the overnight lending rate from 46 percent to 49 percent, and the overnight borrowing rate from 41 percent to 44.5 percent.