Too early for a change at Thursday’s CBRT meeting, 17th June is the likely date for monetary…The CBRT meet this Thursday, I expect no change given the recent hawkish rhetoric from the CBRT has boxed them in a bit. I expect to see…Apr 13, 2021Apr 13, 2021
Hawkish rhetoric from new CBRT Governor Kavcioglu.New CBRT governor Kavcioglu was on the wires a couple of times last week reiterating that there will be no change to the CBRT’s policy…Apr 7, 2021Apr 7, 2021
The replacement of CBRT Governor Agbal indicates a return to easy money policies in Turkey, as is…The replacement of Naci Agbal is the first step in a return to easy money policies in Turkey, which will push USDTRY to new highs.Mar 30, 2021Mar 30, 2021
*TURKEY PRESIDENT REMOVES CENTRAL BANK CHIEF NACI AGBALI was going to write a normal longform piece, but this headline now overwhelms anything else going on in Turkey. An unbelievably negative…Mar 20, 2021Mar 20, 2021
The CBRT will either hike on Thursday, or be forced tThe market is testing the CBRT, as doubts are increasing about the credibility of their hawkish rhetoric. They should hike on Thursday…Mar 13, 2021Mar 13, 2021
Inflation continues to overshoot, the CBRT will be forced to hike in March or AprilSummary:Mar 6, 2021Mar 6, 2021
Higher real yields and negative Albayrak headlines have lead to an unwind of TRY’s year-to-date…Summary:Feb 27, 2021Feb 27, 2021
Trade Idea: Pay 1y1y TRY cross-currency as a positive carry risk-off trade, or as a positive carry…Summary:Feb 7, 2021Feb 7, 2021
