The Turkish Lira (TRY) has continued to weaken at the start of this year at a similar pace to the end of last year by an annualized rate of around -28% against the US Dollar (USD) between January and February. Economists at MUFG Bank analyze Lira’s outlook.
Upcoming local election results unlikely to alter Erdogan’s tolerance for higher rates
The pace of Lira depreciation will slow in the year ahead based on the assumption that the CBRT sticks to tighter policy.
Economic growth has started to slow in response to higher rates. We are not expecting the upcoming local election results in March to alter President Erdogan’s tolerance for higher rates.
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。
暫無留言。 來發表第一則觀點吧。