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As the markets start the new week quite active with the hot agenda, the value gains in assets in Turkish lira are attracting attention. The TL gained 5 percent against the dollar, reaching the 8.0693 level. 5 percent move today, USD / TL on September 13 2018’of It marks the highest rate of decline after the observed 8 percent decline. With a similar outlook, Euro / TL also posted its lowest level of 9.5994 today.
The first statement of the new governor Ağbal CBRT is effective
Naci Ağbal, who was appointed governor of the Central Bank at the weekend, gave a positive response to the message delivered today to the markets. Delivering a written statement to the markets today, CBRT President Naci Ağbal stated that the main goal is price stability, saying: “All political tools will be used with determination. The current situation and expectations will be reviewed until on November 19 “.
Rabobank: policy rate increase message
In the report prepared by Rabobank, it was stated that with the appointment of the new CBRT president, the value of TL has risen against the dollar today. Analyst Piotr Matys said: “It appears that the markets have decided to believe that the newly appointed former Finance Minister Naci Ağbal will directly increase the benchmark interest rate, not the interest rate broker in liquidity management.”
Meanwhile, according to the Reuters report; Naci Ağbal, who was appointed president of the CBRT, met with the general managers of public and private banks, non-governmental organizations, business circles and regulatory institutions one by one in Istanbul over the weekend, and then gave a briefing to the president Erdoğan last night. Two sources familiar with the matter claimed that Ağbal, after receiving the evaluations from various segments, transmitted them to President Erdoğan in a separate meeting, while Nurettin Canikli, AKP chairman in charge of economic affairs, and Servet Bayındır, member of the Presidential Board of Economic Policies. They claimed they were done for “technical support.”
Eyes on the ‘Albayrak’ process
With all these After yesterday shared the resignation of the Minister of Finance and Finance, Berat Albayrak, no official statement has yet been made. Whether President Erdogan will accept the resignation is a cause for concern. KThe claims that circulate in the nationalities are also in search of the markets. The complaints include the possibility of changes in the presidency and the cabinet.
The stock market is at the top of 9 months
BIST-100, which closed the premium at 7 percent last week, continues to rise into the new week. The index reached its 9-month peak with 1,226 points. With the effect of the message from CBRT chairman Ağbal, increases in the banking index exceeded 5 percent.
Central Bank Governor Ağbal: We will follow developments until November 19, all tools will be used
Statement from Albayrak when leaving his Instagram account
