It is hoped that the central bank can move away from its unorthodox policy of monetary management after the change in power on May 14. The imbalances of the Turkish economy are so large that betting on a lira rise is not a good idea. We’ll discuss this and develop a USDTRY Trading 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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