For the first time in several months, the lira remained subdued following an interest rate announcement from Turkey’s central bank, perhaps as the decision to keep rates on hold was widely anticipated. We expect further reductions of the one-week repo rate later this year, which leads us to think that the lira will weaken against the US dollar in 2022.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services