Lira Depreciation Implication and Outlook for the Turkish Banks & Corporates - a podcast by UBP - Union Bancaire Privée

https://www.ubp.com/en/newsroom/turkey-looming-challenges

Lira exchange rates have stabilised in recent weeks, reflecting the decline in year-on-year Turkish inflation rates and indications of looser US Federal Reserve monetary policy in the near future. We believe the respite for the lira will not last for long. The decline in Turkish inflation is largely due to base effects. Month-on-month CPI inflation has remained high for most of this year, pointing to an annual inflation rate of around 15%. Consequently, if month-on-month inflation does not decline, we expect Turkish year-on-year inflation rates to rise later this year, once the base effects fade.

Further episodes of UBP Podcasts

Further podcasts by UBP - Union Bancaire Privée

Website of UBP - Union Bancaire Privée