The erosion of the Lira’s value will continue – Commerzbank USDTRY Turkey Banks
“The Turks are prepared to accept inflation and the weak currency. Is that a likely moment for Erdoğan to admit that his low interest rate policy of the past years was wrong and has caused damage?”
“We have known since 2018 that the low interest rate policy is based on a misjudgment that could be clarified with the advice fromexperts within seconds. The fact that this has not happened in the years that have passed since then is certainly not due to any lack of experts in Turkey. It can only be due to the fact that the President is not amenable to such advice – despite high inflation levels and continued lira weakness. I doubt that this will change in the moment of his electoral victory.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Analysis: Turkish lira's long decline a symbol of strifeAs Turkey's lira hit a record low ahead of the country's election decider on Sunday, the currency is looking increasingly dysfunctional with investors concerned about what may be in store if Tayyip Erdogan secures another decade in power.
Weiterlesen »
Turkish citizens speak about election runoffHere are some views from Turkish citizens as the country voted on Sunday in an election runoff that may extend President Tayyip Erdogan's rule into a third decade or see a transfer of power to his rival Kemal Kilicdaroglu.
Weiterlesen »
Preliminary Turkish election results show Erdogan leading in presidential runoff | CNNPreliminary results in Turkey’s presidential runoff vote on Sunday showed President Recep Tayyip Erdogan ahead of his rival as the leader fights to stretch his rule into a third decade.
Weiterlesen »
Turkish President Recep Tayyip Erdogan Claims Re-Election VictoryTurkish President Recep Tayyip Erdogan has claimed to have won re-election, according to reports from Turkish news agencies. The win would extend Erdogan’s 20-year tenure as the country’s leader.
Weiterlesen »
Turkish President Recep Tayyip Erdogan Wins Re-ElectionTurkish President Recep Tayyip Erdogan has won re-election, according to unofficial reports from Turkish news agencies. The country’s electoral commission has not announced a victor yet.
Weiterlesen »
Turkish lira slips as Erdogan claims victoryTurkey's lira slipped towards a fresh record low against the dollar as President Tayyip Erdogan claimed victory in the country's presidential election on Sunday, a win that would steer his increasingly authoritarian rule into a third decade.
Weiterlesen »