Published On: Mon, Sep 11th, 2017

Important data regarding economy and financial markets to be released this week

Experts say the economy which recorded a growth of 5 percent in the last quarter is expected to grow by 5.3 percent in this quarter.  The domestic growth for the second quarter will be announced by the authority, on Monday. On the other hand the Turkish Central Bank is scheduled to have an important meeting on Thursday in which it may take decisions to mark the finance markets in Turkey. However, it is not expected to introduce any changes in interest rates.

And to be of equal importance, data regarding unemployment rate and current account balance for the month of June will be announced by the authorities on Friday.

As for the policies followed by the Central Bank economists say the CBT will probably not change anything at referred meeting, but because the Central Bank is not happy with the inflation outlook, we might see a little more tightening through the GLP, but the currencies will determine it.

As for the US dollar, provided the growth rate is announced over 5 percent, we could see dollar/TL rate of 3.34-3.38 being tested.

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