Commerzbank: Turkish Lira at risk if Central Bank cuts rates
Commerzbank analyst Tatha Ghose stated the Turkish lira faces further steep losses if the central bank cuts interest rates at its next meeting in October. The bank may cut rates by 100 basis points despite Turkey's vulnerability to inflation.
The Turkish lira is at risk of further steep losses as Turkey's central bank appears set to cut interest rates at its next meeting in October, Commerzbank's Tatha Ghose said in a note. Ghose said the central bank could cut rates by 100 basis points despite Turkey being one of the countries most vulnerable to inflation.