Morning Note /
Turkey

Turkey: 1,410 is a critical level for the index

  •  July inflation was worse than market expectations climbing to 19.95% annually

  • Lira gained 1.2% against USD at one point but gave back its gains with weaker EMFX

  • We now believe that there could only be room for a 100bps cut in 2021 by the CBRT

Batuhan Ozsahin
ATA Invest
4 August 2021
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