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TRY Weakens as Erdogan Cites belief That Rate Cuts Reduce Inflation

TURKEY
  • Erdogan comments see TRY weaken
  • I'M AGAINST HIGH RATES 'WHETHER THEY LISTEN OR NOT
  • interesting comment above, seems Agbal may have more autonomy over rates than most believe
  • WHAT'S IMPORTANT IS CUTTING INFLATION BY CUTTING RATES
  • INTEREST RATES ARE CORRELATED WITH INFLATION
  • Above aligns with his belief that cutting rates reduces inflation
  • USD/TRY moving higher on rate cut comments comment
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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