Turkey: The looming dangers of a big jump in inflation

  • Even on a good day for all EMFX, Lira lost 3.5% as President Erdogan reiterated his stance on low interest rates

  • If TL weakens, go for the exporters or other FX linked businesses worked well while the banks continued to be weaker

  • With such deterioration in the macro picture, it is not surprising for the banks to underperform

November 30th, 2021
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in


This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.

This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.