Currencies – Currencies (2)

– The currencies before the meeting of the Central Bank's Monetary Policy Council began with a weekly decline, with a rise in interest rates of 1.25 points.

After the National Bank investigation, the comments of US President Donald Trump to weaken the dollar, and the announcement of Morgan Stanley that they plan to raise interest rates when of the meeting of July 24, the last day closed at $ 4.79, 5.58 euros and 6.24 pounds sterling

Morgan Stanley has revised its forecast for the meeting of the Monetary Policy Committee to be held on Tuesday. Morgan Stanley said the meeting was critical after the recent surprise surge in inflation and the depreciation of TL, and revised expectations that rising interest rates will not be achieved before by an increase of 125 basis points.

According to the Central Bank's monthly Expectations Survey, year-end inflation expectations rose from 12.28% in June to 13.88%. %

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– The expectation of inflation at the end of the year rose from 12.28% to 13.88

– The dollar rate expectation rose from 4, 58 lire to 4.83 lire

– The dollar exchange rate after 12 months is 4.78 lire It has risen to 5.06 lire.

– The current account deficit at the end of the year

– The growth expectancy at the end of the year remained at 4.2%

After the reappearance of the single-digit unemployment, deterioration of Fitch's credit rating and Moody's warning on troubled loans Following President Jerome Powell's presentation to Congress early last week, currencies have dropped to $ 4.76, to 5.54 euros, to £ 6.22 pounds.

The lowest rate is 5.5473 and the highest is 5.66270, while the euro is in the range of 5.56-5.57 lire with a decrease of 0.83 per day,

– the lowest is 6.2175 and the highest is 6.2950. while the pound, which saw the lira, fell from 0.91 a day to 6.22-6.23 pounds

Alnus Investment said in the market bulletin that "the money is where reigns peace "that the Central Bank should raise interest rates from 17.75% to 18.75% and share the following valuations:

" Last week Fitch's early decommissioning would begin at a price and we said that "bad news is coming down the ladder" before the market opens.However, bad news continues to come that day, Moodys, "Turkish banks will increase in the following loans, and this will be negative for the credit score, "he explained.On Tuesday, the stock exchange received news that two major foreign investors were buying, and that" the priest was not released "on Wednesday. That day, we need a strong buyer to move into 92.

"They will carry the index a p had it before the Central Bank, but it's a post-mystery because it's unclear what the Central Bank will do. "

" The expectation is that for a week with interest rate sell policy repo auction term from 17.75% to 18.75% in the direction of the increase.

"It may be good for TL assets when it does too much, and there are even those who expect the 10-year bond interest rate to drop to 17.31% and 4.78% Friday, same Friday

"We can say that the money comes back when the money comes in."

"The Central Bank of the Republic of Turkey (Umarız) does not do not discard much of the expectation of the decision; Otherwise, the rotation can begin. "- Istanbul