The Turkish lira is once again depreciating sharply against the US dollar and we expect this to continue. We revise our forecasts for the lira and pencil in further substantial weakness by the end of 2022, to 24/$.
Turkey Drop-In (15th June, 10:00 ET/15:00 BST): We’ll be discussing what’s behind the latest currency crisis and how it may play out in a 20-minute online briefing. Register now.
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