Türkiye's central bank (CBT) holds its monthly rate meeting today. The Lira has kept creeping weaker and breached the psychological 27.00 level versus
Today’s rate hike can at best add some volatility to the Lira
If this assessment is correct, then today’s rate hike can at best add some volatility to the Lira, but the currency’s fundamental outlook will remain undetermined for some time longer.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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