Analysts now foresee USDTRY at 7.75 by Q1 2020. There is no probability that any straightforward path ahead for a country which does not have a credib
Analysts now foresee USDTRY at 7.75 by Q1 2020. There is no probability that any straightforward path ahead for a country which does not have a credible inflation-targeting central bank.
We fear that Turkish assets will go through significant turbulence while CBT prepares to cut rates and an unconventional monetary policy experiment is played out. […]
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