Italian UNICREDIT shares forecast for interest rate cuts and dollar rate in Turkey for 2022

Unicredit of Italia has announced its 2022 and 2023 expectations for Turkey. Unicredit stated that inflation would rise in coming period and the Central Bank might continue to cut rates due to political pressures, while a decrease in the exchange rate and inflation could be observed depending on the outcome of the election to be held in 2023.

The dollar will see 18 TL again

Unicredit also predicted that the Dollar/TL would reach 18 again at the end of 2022, while also forecasting that inflation would continue to remain above 50 percent for most of 2022 and would decline to 37 percent at the end of the year.

Unicredit stated also stated that the rapid depreciation of the exchange rate could threaten financial stability.

Source: halktv.com.tr/ekonomi/unicredittan-merkez-bankasi-ve-faiz-indirimi-ongorusu-dolar-yeniden-o-rakami-660317h