Morning Note /
Turkey

Turkey: Same old disappointments again

  • CBRT surprised the market with a 100bps rate cut and gave an ambiguous outlook for the pace of future rate cuts

  • Lira has weakened and the inflation outlook has definitely worsened

  • It is time to go for FX linked business models such as exporters

Batuhan Ozsahin
ATA Invest
24 September 2021
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