The dollar started from 39,89 TL week and the euro started from 46,80 TL.
There are two critical developments this week. The first is the case of the CHP Congress, which will be announced today, and the other will be announced on Thursday.
In the case of “appointment of trustees” in the CHP congress, it can create uncertainty and confusion in politics.
The inflation figure to be announced has the potential to determine the step that the CBRT will take in July. May inflation in May was 1.53 percent below 2 percent. This showed that monetary policy became operational. On the other hand, we continue to hug the CBRT’s monetary policy in the nature of exchange movements and money markets revived. The CBRT, which issued the PPK summary last week, reported that inflation tends to decline in June and contributed to the slowing request.
The expression of the PPK text will also be tightened “In case of a significant and permanent deterioration in inflation, all monetary policy tools will be used effectively.” It was changed to the discourse that the CBRT was preparing for interest rate cut in July.
TurkStat will announce June inflation on Thursday at 10:00.
On the other hand, Trump’s trading tariffs brought to countries last day tomorrow. Trump’s steps and the reactions of the countries will follow.