empty
02.05.2019 11:11 AM
Hard times await Lira. Turkey will not be able to solve problems with currency

Investors are still in the dark about what is happening with the foreign currency assets of Turkey. The published report of the Central Bank of Turkey on inflation showed what exactly is happening with the monetary policy of the country and how quickly foreign exchange reserves are reduced. But even after its publication, the situation remains obscure. Lira recovered slightly after the head of the Central Bank announced that another round of raising interest rates is possible if it is necessary to stop inflation. But if this is a real opportunity, then why was it excluded from the monthly report of the Monetary Policy Committee? This frightened the currency markets because investors' confidence in Turkey has eroded and although the regulator has done its best to calm the market, this cannot be considered good news.

In addition, the head of the Central Bank was unable to clarify the situation with foreign exchange reserves. Recognizing the "need for further action on reserves," he was unable to voice any of these "follow-up actions" either in the press briefing or in the report. In any case, even the figures voiced by the head of the Central Bank of 80 billion dollars for foreign currency reserves and a net amount of 27 billion dollars are not insufficient to cover Turkey's short-term foreign currency debt of 120 billion dollars. This is a serious problem for the current government. One rhetoric does not support the lyre. Investors must believe that the Central Bank is sincerely committed to its fight against inflation and independent of government intervention. Until there is a more credible official response, the lira will fall.

This image is no longer relevant

Irina Maksimova,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
I Belozerov
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Gigante farmacêutica sob pressão: Eli Lilly perde terreno com notícias fracas

Ações da Eli Lilly caem após dados de estágio final do medicamento oral para perda de peso Pedidos semanais de auxílio-desemprego atingem o maior valor em um mês Índice Topix

Thomas Frank 15:31 2025-08-08 UTC+2

A tecnologia lidera a recuperação: Apple compromete US$ 100 bilhões, S&P 500 bate recordes

A Apple deve anunciar um investimento de US$ 100 bilhões, de acordo com um porta-voz da Casa Branca. Os relatórios de lucros do S&P 500 continuam a superar as expectativas

16:38 2025-08-07 UTC+2

Economia dos EUA desacelera — tarifas afetam grandes empresas

A Caterpillar emite um alerta sobre o impacto das tarifas. O PMI não industrial do ISM de julho caiu para 50,1. Índices: o Dow Jones caiu 0,1%, o S&P

17:13 2025-08-06 UTC+2

Economia dos EUA desacelera à medida que tarifas atingem gigantes empresariais

Caterpillar alerta para impacto das tarifas O Índice ISM de Gerentes de Compras Não Manufatureiros (PMI) de julho caiu para 50,1. Índices: Dow Jones caiu 0,1%, S&P 500 caiu 0,5%

Thomas Frank 15:50 2025-08-06 UTC+2

Resumo das notícias do mercado americano de 6 de agosto

O mercado de ações dos EUA fechou em território negativo em meio a preocupações dos investidores com o impacto das tarifas comerciais sobre os lucros das empresas, incluindo

Ekaterina Kiseleva 14:07 2025-08-06 UTC+2

Milhões para Musk, bilhões para os investidores da Tesla

Ações da Tesla sobem após bônus de 96 milhões de ações para o CEO Musk. Spotify aumenta preço da assinatura premium e ações disparam. Relatórios de lucros nos EUA melhoram

Thomas Frank 16:39 2025-08-05 UTC+2

Milhões para Musk — bilhões para os investidores da Tesla

As ações da Tesla estão subindo após a concessão de 96 milhões de ações ao CEO Elon Musk. O Spotify aumentou o preço da assinatura premium, fazendo com que suas

15:52 2025-08-05 UTC+2

Resumo das notícias do mercado americano de 5 de agosto

As ações da Tesla subiram 2,2% após o anúncio de um pacote de opções de ações para Elon Musk, totalizando 96 milhões de ações com valor estimado em cerca

Ekaterina Kiseleva 15:09 2025-08-05 UTC+2

O que os números estão escondendo: Empregos nos EUA aumentam, Nikkei cai e sinal de alerta da OPEP+

S&P 500 e futuros europeus saltam, Nikkei cai Choque de empregos nos EUA força os mercados a precificar mais cortes nas taxas Investidores aguardam os lucros da Disney, McDonald's

Thomas Frank 18:09 2025-08-04 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.