Morning Note /
Global

Turkey: It's monetary policy day

  • We are out of words as USD has appreciated 10% this week against Lira and all Turkish assets are losing value

  • The only asset class that is holding on unsurprisingly is equities

  • It is MPC day today and both ATA & consensus expects 100bps cut but this estimation has lost all is value in our view

Batuhan Ozsahin
ATA Invest
18 November 2021
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