Dollar rate forecast for Turkey from French bank Societe Generale
French bank Societe Generale has made a forecast regarding monetary policy in Turkey for the next quarter.
French investment bank Societe Generale said it expected monetary policy in Turkey to be partly tight in the next three months. According to Reuters news agency, the bank said this would stabilize bond yields and limit the excessive depreciation of the TL.
The bank lowered its policy interest expectation for Turkey at the end of 2021 from 20 percent to 18 percent, and also lowered its dollar rate forecast at the end of 2021 from 9.30 to 8.90 percent.
In a research note published by Societe Generale, it said a shorter-term portfolio outflow of $ 5.9 billion from Turkey could be seen unless The Central Bank of Turkey found a solution to the trust problem.
