Unicredit Announces ‘Interest’ Forecast About the Central Bank

The Central Bank of the Republic of Turkey, the Turkish lira against the dollar and the Euro, especially in recent days, depreciation to prevent unhealthy price formations to the foreign exchange market is interfering.

The foreign exchange intervention, which has not been seen since 2014, but has been repeated for the third time in recent weeks, will be on the agenda of economists before the end of the year. interest rate cuts brought. Unicredit, Italy’s largest bank, ‘interest rate’ about the Central Bank your predictions explained.

Interest rate cut expected before the end of the year

Italian Unicredit bank, in a research report it published; The Central Bank of the Republic of Turkey will From the Monetary Policy Committee Meeting then a 100 basis point rate cut will do and up to 12 percent of the policy rate by early 2022. will drop announced that they were waiting.

Central Bank to cut interest rates in November limited resources announced that there was no interest rate cut before the new year. can’t be done had stated. However, Unicredit economists are trying to support the economy with the effect of the latest interventions in the foreign exchange market. additional interest rate cuts He said he expected it to be done.

Bank of London Barclays also announced that the Central Bank will cut interest rates by 200 basis points in December and an additional 100 basis points in January 2022. what you expect explained.