TITLE

TRY: Still Constructive Over Medium Term

PUB. DATE
June 2011
SOURCE
Emerging Markets Monitor;6/27/2011, Vol. 17 Issue 13, p15
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article offers a medium-term outlook for the Turkish lira in 2011. It expects the lira to recover in the second half and trade back towards 1.5200 per dollar by the end of the year. A key factor affecting investor sentiment towards the lira is said to be uncertainty, particularly in terms of the strategy of addressing domestic overheating risks. It is viewed that the government should outline macro-prudential measures by early July to help cool domestic credit demand so as to help ease import demand and domestic price pressures.
ACCESSION #
61927398

 

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