Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
- The CBRT meeting on July 21 and is expected to keep its 1W repo rate steady at 14% despite surging inflation expectations.
- Economic data showed earlier this month that inflation expectations for the next 12 months have increased to 40.2% in July, up from 38% the previous month.
- In addition, the 'deep' negative 10Y real yield has been weighing on the Lira, which keeps reaching new lows against the Dollar.
- TRY is the weakest performing currency among the EM world, down nearly 25% against the US Dollar.
- The chart below shows that Turkey currently offer the lowest 10Y real yield among the EM world, nearly 60% when we adjust by the inflation rate (79% in June).
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok