USD/TRY (TRY=X)
| Previous Close | 27.4143 |
| Open | 27.3981 |
| Bid | 27.3712 |
| Day's Range | 27.3050 - 27.5190 |
| 52 Week Range | 18.4278 - 27.5190 |
| Ask | 27.3775 |
The Wall Street JournalBank of England, Swiss National Bank Deliver Surprises, Other Central Banks Stay In Line
A day after the [Fed opted to hold rates steady](https://www.wsj.com/economy/central-banking/dont-buy-the-feds-rate-projections-5dc96fd0), central banks around the world are deciding their latest policy moves.
The Wall Street JournalTurkish Lira Falls as Interest-Rate Hike Disappoints Investors
Turkey's central bank raised **interest rates to 30%**, but the hike failed to assuage investors' concerns that policymakers aren't doing enough to contain inflation. The central banked lifted its key rate, the one-week repo rate, to 30%, from 25%.
The Wall Street JournalWhere House Prices Almost Doubled in a Year
House prices in Turkey soared 95% in July from the year before, a sign that Turks continue to look for ways to protect themselves against unrelenting inflation. Prices were up sharply in Turkey's two biggest cities. Tim Ash, a strategist at RBC BlueBay Asset Management, described the property-price increase as "insane, but a classic inflation hedge."
