Morning Note /
Turkey

Turkey: We expect the market to digest last week's rally

  • Lira is about 2.5% weaker than its high of 8.29 on Tuesday

  • President Erdogan's remarks on inflation & interest rates once again raise question marks about monetary policy as usual

  • TSKB posted 2Q NI of TL253mn, 7% higher than our & consensus estimate

Batuhan Ozsahin
ATA Invest
5 August 2021
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