17.02.2025 12:20
The American investment bank Morgan Stanley predicted that the Turkish lira would be one of the best-performing currencies in the CEEMEA region this year. The report also included updates regarding the Federal Reserve's interest rate cuts.
The American investment bank Morgan Stanley predicts that the Turkish lira will be one of the best-performing currencies in the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region this year. Morgan Stanley published its "2025 Currency Forecast Update" report. In the report, it was stated that while the bank's economists highlighted the expectation of three interest rate cuts by the U.S. Federal Reserve (Fed) in 2025 in their predictions from last year, it is now anticipated that they will settle for an interest rate cut in June.
"IT WILL BE ONE OF THE BEST"
The report noted that Asia will continue to underperform within the global emerging markets, while the Turkish lira continues to be one of the most favored assets. The report stated, "According to our forecasts, the Turkish lira will be one of the best-performing currencies in the Central and Eastern Europe, Middle East, and Africa (CEEMEA) region."