Unicredit Announces Its Dollar Rate Forecast for Turkey

One of the largest banks in Italy, which published the last quarter report of 2021 and mentioned Turkey in this report. Unicredit, did not make very heartwarming evaluations. Announcing the year-end exchange rate and inflation forecasts for Turkey, the bank more troubled days He thinks he’s at the door.

As it is known, the Central Bank of the Republic of Turkey (CBT), interest rates were cut in the past weeks. This was directly reflected in the dollar rate. According to Unicredit, the CBRT will not be content with a 100 basis rate cut. by the end of the year another 300 basis points Unicredit, which thinks that there will be an interest rate cut, stated that this situation will be reflected in the dollar and euro rate. will be directly reflected in inflation. it states.

Dollar will reach 9.30 by the end of the year

According to Unicredit’s report for the last quarter of 2021, a 300 basis point interest rate cut will almost blow the dollar and euro rate. In line with these data, the bank can set the dollar rate. 9.30to , if the euro rate 11.07He thinks he will reach . by the end of 2022 According to Unicredit, which draws a more pessimistic picture until the end of 2022, the dollar rate will reach 10.40 and the euro rate will reach 12.69.

Expectations for inflation rates, which directly affect our lives, are not very good. not heartwarming. According to the Italy-based bank, Turkey’s year-end inflation rate is 18.5 percent will be recorded as Unicredit, which expects a historical peak in October, over 20 percent waiting for it to happen…