British economist Timothy Ash made a warning to the CBRT and the current economy administration with his posts on his twitter account. Expressing that the interest rate decision that will come out of the MPC meeting, which will take place on Thursday, July 20, will have an impact on the future of the TL, the British economist also shared his views on the point that the interest rates will reach.
In his post on his Twitter account, he pointed out the dollar/TL parity, which started to rise again yesterday, and said that the markets digested the belief that CBRT President Erkan would raise interest rates by 100-200 basis points. He wrote that he was in the situation. Timothy Ash, who stated that until September, the CBRT predicted to increase the interest rates to 25 percent to 30 percent, said that otherwise, things could get more difficult for the Turkish Lira.
Ash expects the CBRT to raise the interest rates to 20 percent regarding the MPC meeting that will take place tomorrow.
Drawing attention to the recent dialogues of President Erdogan and the senior Turkish economic administration with the Gulf, Ash said that Gulf countries can provide hot money to Turkey, but they will demand a predictable orthodox economic policy for this.
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