Share: Since the surprise interest rate hike on August 24, which gave the Lira a tidy 6% boost, the Turkish currency has been depreciating as if on a string. Economists at Commerzbank analyze TRY outlook ahead of the Turkish Central Bank (CBT) Interest Rate Decision. CBT’s restrictive monetary policy is only a necessary
Share: Economists at Wells Fargo discuss Turkish Lira (TRY) outlook. Sentiment toward Türkiye can improve To be clear, we still forecast a weaker Turkish currency over the course of our forecast horizon; however, we have scaled back the magnitude of that depreciation to reflect improving and more orthodox trends in policy. After 21.50
Share: The USD/TRY is rising by 0.45% to 27.11. The CBRT hiked rates to 30% as expected. Due to the Fed’s hawkish pause, US yields continue to rise, pushing the pair to the upside. In Thursday’s session, the USD/TRY gained more ground and broke the 27.00 barrier while investors digested the fresh Central Bank