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Hurriyet Columnist Says Key Rate May Be Raised to 16.5-17%

TRY
  • Hurriyet newspaper columnist Abdulkadir Selvi wrote today that his impression from "economic circles" is that the one-week repo rate will be raised to around 16.5-17%, less than the Bloomberg median estimate of a hike to 18.5%, which potentially explains the move lower in TRY to a fresh record low against the USD
  • See full piece here: https://www.hurriyet.com.tr/yazarlar/abdulkadir-se...
  • Moreover, Bloomberg write that state-run banks, which have frequently sold dollars to support the lira in periods of weakness, have not been doing so recently, according to traders who asked not to be named.

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