The central bank will be able to change its unorthodox monetary policies after the May 14th power switch in Turkey. But the imbalances are so severe that it is pointless to bet against a lira recovery. Let’s discuss this topic and create a USDTRY trade plan.
Lira fundamental outlook for six months
Although the Central Bank of the Republic of Turkey cut the interest rate from 19% in late 2021 to the current 8.5%, the interest rates on deposits and loans in commercial banks are growing. Deposit rates have risen 10 percentage points… Read full author’s opinion and review in blog of #LiteFinance
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