Swiss Giant Bank Stops Estimating Turkish Lira

Swiss Bank, one of the world’s largest securities managers UBSannounced that it has taken a very controversial decision regarding the Turkish lira. In the statements made by the authorities, there was no further information about the Turkish lira. report will not be published expressed. So why did UBS take such a decision?

Comments on the subject, UBS Analyst Tilmann Kolb It was done by. Talking about the Turkish lira reports they have published so far, the analyst said that these reports are also available. should not be trusted stressed. The reason why the bank took such a decision was not fully disclosed.

Assumptions do not match facts

Tilmann Kolb prepared a report on the Turkish lira in November. In this report, TL may lose more value. prediction had been made. According to Kolb, our current monetary policies were insufficient to fight inflation. The analyst thought that policy makers would react to this situation, and made assumptions based on this thought. But facts with assumptions there is a difference between the mountains.

UBS analyst, in his report, “Our current estimates are policymakers’ currency depreciation. based on the assumption that. However, it can maintain adherence to the current policy. This may cause further depreciation.” he had used. According to the analyst, the dollar/TL parity would reach 10.20 in the first quarter of 2022 and 10.8 at the end of 2022. However current figuresproved that we are far from this situation. As of 12:27 on Monday, December 13, 1 dollar corresponds to 14.49 liras…