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USD/TRY jumped after yesterday’s 650 bps rate hike by the Turkish central bank. Economists at Commerzbank analyze Lira's outlook.
No magnitude of rate hike will suffice to stabilise the Lira. The only helpful variable will be repeated commitment by the president to stick with this new policy regime until it has succeeded.
Perversely, yesterday’s depreciation move might even increase his proclivity to call interest rate hikes a proven failure. Here’s hoping against that disaster
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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