USD/TRY: Depreciation pressure on the Lira to return – Commerzbank USDTRY Turkey InterestRate Banks
A crucial moment for Turkish markets: CBT holds its monthly rate meeting today. Economists at Commerzbank analyze the Turkish LiraTRY could be stable by itself for some time as the upcoming policy environment is not known yet
For some time, the Lira could be stable by itself because the upcoming policy environment is not known yet, which deters aggressive market positioning. But once the new policy parameters have become clear, we envisage depreciation pressure on the TRY to return.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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