Morning Note /
Turkey

Turkey: With a -15% real interest rate, Lira does not have any address to go to

  • President Erdogan pledged for more rate cuts and reiterated his strong stance for keeping rates lower

  • Weaker lira and higher inflation and a stagnation that comes with such a cocktail of policy mix

  • Capital Markets Board introduced the up-tick rule for shorting for BIST-50

Batuhan Ozsahin
ATA Invest
20 December 2021
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