Unicredit Announces New Dollar Rate Forecast for Turkey

Italy-based financial giant Unicredit made a striking prediction about Turkey. Officials, who made a new statement for the dollar rate as a result of the studies of bank analysts, stated that the dollar / Turkish lira rate will be determined by the end of 2021. increase to 10.5 They said they were waiting. The previous year-end forecast of the bank on this issue was 9.3. The dollar rate, according to the Italian bank, at the end of 2021 1.20 TL above the previous estimate it will be…

According to Unicredit, the year 2022 will not be very beneficial for Turkey. Because analysts believe that the dollar-Turkish lira parity, which will appear at the end of next year, would be 11.8 they are thinking. Of course, this means a direct raise for citizens. If these predictions come true, every item from food to fuel will be covered over the next year. we will see a raise We can already say.

Inflation forecast also rose

Unicredit’s only statement regarding Turkey is not about the dollar/Turkish lira exchange rate. Analysts also evaluated inflation in Turkey. According to the examinations, Italian financial experts inflation will rise they are thinking. According to the new forecasts, 2021 year-end inflation will reach 19.6 percent. In the first half of 2022 20 percent We’ll see. According to Unicredit, inflation in Turkey at the end of 2022, will decrease to 16.3 percent..

Unicredit is at every meeting of the Central Bank of the Republic of Turkey until the end of the year. 100 basis point rate cut thinks he will. This will cause the Turkish lira to depreciate against the dollar and other currencies. According to the bank, Turkish authorities are trying to prevent the depreciation of the Turkish lira. some of the previous measures they will implement…