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BofA Issues Notable Turkey Report, Reveals Dollar and Inflation Forecasts
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BofA Issues Notable Turkey Report, Reveals Dollar and Inflation Forecasts
ISTANBUL — Bank of America (BofA) said the Turkish lira could continue to appreciate in real terms, noting that its dollar/TL projections remain below broader market expectations. The bank emphasized that high real interest rates and a tight monetary policy stance are supporting the currency. In a report titled “Turkey: TL May Outperform Expectations,” authored by Hande Küçük and Mikhail Liluashvili, BofA evaluated recent developments in the Tur…
In its latest report on the Turkish economy, BofA noted that the Turkish lira may perform stronger than market expectations. The bank also released its year-end forecasts for the dollar and interest rates.
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