CBRT’S SMALLER THAN EXPECTED HIKE ACCOMPANIED BY A HAWKISH MESSAGE COULD BE ENOUGH TO SUPPORT LIRA

24 Jun 2023, 20:36 · 閱讀量 61

Economists at discus Turkish Lira (TRY) outlook ahead of the Central Bank of the Republic of Türkiye (CBRT) Interest Rate Decision.

650 bps hike expected today

We expect a 650 bps hike today, taking rates to 15%, followed by two 500 bps hikes in July and August to get to 25 bps.

A smaller hike accompanied by a hawkish message could be enough to support the Turkish Lira, despite consensus looking for a move to 20% today.

See – USD/TRY: Depreciation pressure on the Lira to return – Commerzbank

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喜歡的話，讚賞支持一下

CBRT’S SMALLER THAN EXPECTED HIKE ACCOMPANIED BY A HAWKISH MESSAGE COULD BE ENOUGH TO SUPPORT LIRA – SOCGEN