Critical day for dollar / TL rate as Turkey’s Central Bank shares inflation report

The Central Bank’s inflation report statements will be followed in the markets that will complete the week after the half-day trading that will take place today, while the dollar / TL ambassador has found a balance after the tension and is following a horizontal course around 9.5.

The dollar / TL found a balance at 9.5 after its decline to 9.42 after the historic 9.85 summit, when diplomatic tension rose with the diplomatic tension that began with the statement of AKP President Erdogan to declare 10 ambassadors (who made calls about Osman Kavala), persona non grata.

Bankers note that the reduction of tension, which creates the possibility of further deterioration of relations with the west, has had a positive effect on the TL, while today the CBRT’s policy messages and revisions to inflation forecasts will be followed.

While the CBRT’s year-end inflation forecast is at 14.1 percent, economists expect inflation which was 19.58 percent as of last month, to exceed 20 percent in October and to finish the year just under 20 percent.