USD/TRY to blow up to around 27 in Q1 2023 – TDS USDTRY Banks Turkey
“The CBRT cut the policy repo by 150 bps to 9.00%, in line with our forecasts and the consensus. With rates achieving 'single-digit' levels, the CBRT has called the end of easing.”
“We still expect USD/TRY to blow up to around 27 in Q1 2023. We also expect rates to be hiked in emergency mode next year, with a likely peak of around 40%.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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