USD/TL Focused On Inflation Report

USD/TL focused on the inflation report. Markets focused on Şahap Kavcıoğlu's first inflation report presentation.

On the trading day, when the US dollar started with a horizontal movement in global markets, a horizontal movement was observed in the USD/TL exchange rate in the first transactions. The first transactions in the USD/TL exchange rate were around the level of 8.20. Turkey's risk premium was traded at 426 basis points, while the benchmark bond rate was 18.08 percent. Domestic markets will carefully follow the Central Bank's inflation report, which is the most important agenda item of the day. The messages to be given by the head of the CBRT, Şahap Kavcıoğlu, who took office in March, in his first inflation report presentation will be important. Economists pointed out in the presentation that if an inflation forecast revision is below expectations, this situation can be perceived as a dovish message. Kavcıoğlu stated in a live broadcast he hosted last week that the tight policy will be maintained until the 5 percent inflation target is reached, and that Turkey will continue to offer positive real interest rates. To the question regarding the phrase "tight stance for a long time" in the latest interest rate decision, Kavcıoğlu said, "I also say that inflation will decrease. You should not ignore the problems of the real sector."