Morning Note /
Turkey

Turkey: Weaker Lira will lead to worsening inflation expectations

  • We are starting the week with Lira approaching 8.9 against the USD and 5-year CDS at 421, up from 8.32 and 400 level

  • Turkey’s CB has opened the Pandora’s box once again and will have market participants on the size of the next move

  • US & Nato has been opposing Turkey’s purchase and use of the S-400s

Batuhan Ozsahin
ATA Invest
27 September 2021
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