The dollar rate was lasting on March 19, Ekrem İmamoğlu was taken into custody on the day of 40 TL and reached 41 TL and broke a record. After that day, the CBRT has declined to 37 TL with various interventions. Since then, the exchange rate has been continuing its quiet rise. Here has started more than 40 TL. The euro continues its course above 47 TL.
Markets are concerned that operations will grow. The CDS, which measures Türkiye’s risk premium, rose to 292 with a 13 basis points.
After inflation announced last week, reports continue to receive reports that the CBRT could start interest rate cuts. After Morgan Stanley, Deutsche Bank reported that the CBRT will start a discount of 350 basis points in July. The Bank wrote that despite the uncertainty in recent days, the disinflation process is on its way.
On the other hand, the markets are mixed with Donald Trump adding to the agenda of global markets and re -trade wars. The tariffs for the euro zone are not July 9. The announcement that it would come into play on August 1 in the markets “Time to agree” had blossomed their hopes. However, the dose of statements from Trump increased and announced new tariffs.
Trump announced that 25 percent new tariffs will be applied to Japan and South Korea. On the other hand, Trump sent a tariff letter to trade partners except China.
US Treasury Minister Scott Bessent, I hope that we will receive new good news in 48 hours made the statement.
