Further rate cuts likely to put more pressure on the lira

The Turkish lira has continued to plummet after Turkey’s central bank (CBRT) delivered a further 100bp cut to the one-week repo rate today. We think that continued political pressure will lead to further rate reductions, and more weakness in the currency in the next few months.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.