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IIF Analyst Reaffirms TRY View

TRY

A well-followed analyst at the IIF tweets: "Prospects of central bank interest rate cuts are unfortunately causing Turkish Lira to fall sharply. This fall in the Lira means tighter financial conditions and weaker growth. Our USD/TRY fair value remains TRY9.50, which is the level we moved to a month ago."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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