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While worries about US sanctions continue to be traded around 4.90 under the historic high, markets are focused on the messages that the Central Bank (CBRT) will deliver in the third report on the Year inflation
While the CBRT inflation target is 5%, the end – of – year forecast is 7.2% to 9.6%, with 8.4% mid-term.
In today 's presentation, Murat Çetinkaya will follow the signals of revision of the inflation forecast of the year of market and the monetary policy combination will be able to reach the current level ad.
Investors will have no idea of the economic policies to be implemented in the coming period.
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The bank, which has tightened its tightening since the beginning of last year to 950 and 500 bps in early April so far, has maintained the interest rate at 17.75%, contrary to market expectations. they will try to analyze which remain must revise next routine decisions on interest rates until the bank's interest rates on September 13 at the meeting they have questioned the rationale for the decision made last week.
US-TURKEY RELATIONS looked
United States to Turkey The USD / TRY, which tested the highest level at 4.9085 yesterday, started at 4.8876 at 08.39. Euro / TL in the same minute was traded 5.7294 level.
bankers said yesterday despite the dollar in relation to the appreciation of emerging market currencies TL alone amortizes, where concerns and possible sanctions on the US and Turkey relations have been informed that the main role in decomposition. [19659002] the highest figures of the US administration, the United States if the release of priest Andrew Brunson announced that sanctions on Turkey.
Strong response saying Ankara description will apply sanctions to Turkey, Washington's "threatening language" used in specifying stresses that this is unacceptable.
last week after tensions in the markets more closely watched the US-Turkish relations.
Bonds / bond yields continue to remain under pressure for. According to the bankers, the yield on 10-year benchmark bonds is just below the 18.50% compound return date, or about 18.40%, while the two-year bond yield is greater than 20, 50%.
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