USD/TRY: Still room for significant Lira depreciation in the absence of interventions – Danske Bank USDTRY Turkey Banks
Hopes are building up that Erdogan's newly appointed economic team would soon take steps towards normalizing policies.
In the absence of interventions, we think there is still room for significant Lira depreciation until the central bank credibility is restored and we see interest rate hikes.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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