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EUR

Underperforms in G10s

GOLD TECHS

Approaching The Channel Base

MARKET INSIGHT

What to watch (1/2)

MARKET INSIGHT

What to watch (2/2)

BUNDS

Day ahead

BRENT TECHS

(G2) Outlook Remains Bearish

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  • Industrialists are having trouble foreseeing the future due to changes in inflation, exchange rates and interest rates, Erdal Bahcivan, head of the Istanbul Chamber of Industry, says
  • An inflationary growth structure is unsustainable
  • Turkey moved away from the key central bank goal of price stability while financial stability has been put at risk
  • "Even though we all want interest rates to fall, there are pricings that occur in the free market"
  • Positive impact of low rates would be short-lived unless uncertainties are removed, confidence and predictability are boosted
  • Export rise due to weakening lira won't bring long-term success
  • "We don't want to be industrialists/exporters who rely on devaluations"