Morning Note /
Turkey

Turkey: We expect the weakness in equities to continue

  • CBT Governor’s speech caused jitters that an earlier than expected rate cut could be in the works as early as Sep

  • We would not expect CBRT to cut rates before seeing September inflation in the September meeting

  • October cut has become highly likely, putting further pressure on the Lira if global strength of DXY continues

Batuhan Ozsahin
ATA Invest
9 September 2021
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