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Dollar-TL Statement from Société Générale (SocGen)
Société Générale (SocGen), one of Europe's main financial companies, recorded a long position recommendation...
Yazar: James Gordon
Yayınlanma: 18 Ağustos 2022 03:55
Güncellenme: 16 Mayıs 2024 04:06
Dollar-TL Statement from Société Générale (SocGen)
Société Générale (SocGen), one of Europe's main financial companies, recorded a long position recommendation for the dollar-TL exchange rate. The bank announced its inflation expectation for October as 87 percent.
Paris-based French bank Société Générale (SocGen) included a new report on Turkey. According to the published report, the inflation peak was estimated to be 87 percent, while a long position was recommended in Dollar-TL. Société Générale announced that they do not expect changes in interest rates or communication in August. The French bank noted that its 2022 year-end expectation for the USD-TL is 22. SocGen CEEMEA Chief Strategist Marek Drimal said: "Although inflation is expected to accelerate further, rate hikes remain unlikely. In our view, solid tourist revenues are likely to alleviate pressures on the lira in the third quarter of 2022, while measures to control credit growth and the CBRT's rising reserves will prevent an uncontrolled depreciation of the lira during the winter months."İLGİLİ HABERLER
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