Dollar / TL fell below 4.80 – Bloomberg HT



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Yesterday, establish beyond the rigid 4.93 increase of more than 3% by the decision to change the interest rates of the Central Bank began to decline slightly new day. [19659002] early morning installation time of 0.5%, down band 4.85 to 4.86, the prisoners of the afternoon in Turkey imprisonment of American priest Andrew Brunson was forced to house arrest, he was reduced to 4.82 and the euro went from 5.68 to 5.65.

The record in dollars / TL was at 4.9743, which was seen on July 12, at the beginning of trading in the Asian market during the afternoon of $ / TL features.

Treasury Director of Marketing T-Bank on the subject Cumhur Example Bloomberg HT "A decision on the acquittal of last week had risen rapidly to 4.84 Kurca did not come, the States – Turkey element that price clicks in relations It is obvious that the United States. the main agreement was one of the non-negotiations, the market is now positively effecting this pricing, "he said.

Turkish Central Bank Tuesday that the Monetary Policy Committee (MPC ) decided to levy is not contrary to the interest of meeting market expectations CBRT has left the weekly repo rate at 17.75%.

HOW TO REFORM TURKISH PROPERTY ?

Difficult sales were seen in Turkish assets after the decision.The dollar and the euro against the lira rose 3% while the stock market finished 3.33% lower. Fellow is still up more than 3% today, wiping out the losses of yesterday.

Schroders Emerging Markets Economist Craig Botham Bloomberg HT Yesterday, the central bank's censorship yesterday the decision of "disappointment "Botham" Markets are waiting for an aggressive move, and the i MB's credibility studies have increased. "If Bankam's inflation is not under control, the Turkish dollar / lira will be able to post levels of 5 by the end of the year.

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