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The Turkish lira, Central Bank of the Republic of Turkey (CBRT), followed by changes in the presidency against the dollar suffered a sharp decline in early trading.
The experts who participated in the publication Bloomberg HT evaluated the change in the CBRT and the outlook of the Turkish lira.
Vice Chancellor of the University of Piri Reis Prof. Dr. Erhan Aslanoğlu
“Turkey’s economy, visibility in the market is already low. In this case I sought to overcome it. I was completely diminished from this point of view with this development. In short, it is not a good development. We are in a period where We really need economic and political stability. The known environment-from the unknown, the unknown-unknown environment In such an environment, it is also difficult to make predictions. The first messages came from the head of the CBRT on monetary policy. The first day of the week will be a volatile day in terms of financial markets. Developments in the exchange rate will probably keep inflation expectations higher in the next period. They will keep interest expectations high. “
Habertürk Writer Abdurrahman Yıldırım
“A dramatic change in monetary policy cannot be expected. The first statement revealed this. This statement was in response to the expectation that” the new president will cut interest as soon as he arrives. “There will be no anticipated rate cut. There will be an interest rate cut, the decision will be made on April 15. The markets will have the opportunity to make the appropriate evaluations. Of course, the change of 3 central bank presidents in 20 months makes us think that the Central Bank it is not independent ”.
TÜSİAD Chief Economist Gizem Öztok Altınsaç
“I think we are not in a period where we can make predictions about policy. Instead of an early rate cut, there will be no interest rate cuts with an interim meeting until April 15. But this is not the problem. . probably in a situation that has been halted in the fight against inflation. If we want the investment environment, some important institutions need to regain their policy making skills. We have left behind a period of 4 months trying to win this. We see that Our CBRT president has changed quite frequently. Long-term growth is not possible, capturing the country. This is not an exclusive situation for Turkey. We see that on dry Sunday was a transaction volume close to $ 1.4 thousand million, we look at the answer of. Normally it is a volume of 150 million dollars overnight. There is a volume of 10 times. A volatile period awaits us. or into a very unfamiliar environment. At a time when we are trying to gain credibility for TL. The price has already revealed the situation. I don’t expect this price to calm down in the short term.
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