Economy in Turkey: Turkish lira and interest rate forecast from the British giant
Analysts from the British bank Barclays predict that the Turkish lira may be allowed to depreciate to some extent during the summer months.
According to a report by Ekonomim, Barclays analysts foresee that Turkey’s economic management may permit a depreciation of the lira throughout the summer period. The analysis also shared the expectation that Turkey’s policy interest rate will be kept unchanged throughout 2024.
In a previous analysis concerning Turkey, Barclays had upgraded its recommendation regarding Turkish banks’ bonds. The analysis stated, “We find Turkish bank bonds attractive compared to other bank bond markets in the EEMEA region, including the Gulf region.”
Highlighting the high carry yield of Turkish banks’ perpetual bonds, Barclays recommended buying Akbank and Yapı Kredi perpetual bonds.
