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

24 Jun 2023, 20:36 · Views 58

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

Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.

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