Morning Note /
Turkey

Turkey: CBRT governor says will not intervene unless there is excess volatility

  • It was another historic day for Lira as at one point it was down 18% against US$

  • These will lead to a sudden stop in the economy as we hear nobody is accepting term payments nowadays

  • Non-financial equities are holding on for the time being as an inflation hedge

Batuhan Ozsahin
ATA Invest
24 November 2021
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