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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.
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Free AccessTRY Firms as CBRT Affirms Tight Bias, But Optimism May be Misplaced
- USD/TRY notches lower towards 8.15 after CBRT commits to continued tightness
- This seems a little misplaced as it is highly unlikely that the CBRT is going to tighten further with Kavcioglu's placement being predicted on not tightening further and eventually lowering rates
- Markets may have just taken this as a more extended hold period than previously anticipated on its commitments to keep rates above inflation
- However, with inflation projected to inch higher towards 18-19% this should see real yield/carry differentials erode substantially, making TRY assets less attractive over time
To read the full story
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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.