29.04.2025 10:31
Germany's leading financial institution, Commerzbank, has made a new forecast regarding the Dollar/TL exchange rate. In light of recent developments, the bank highlights the volatility in exchange rates and predicts that the dollar will continue to rise steadily in the upcoming quarters.
After the historical record highs of foreign exchange rates against the Turkish lira, a striking new analysis has come from the German bank Commerzbank. Bank economist Tatha Ghose stated that the situation of the Turkish lira has worsened following the Central Bank's decision to raise interest rates. Ghose mentioned that the Central Bank's credibility has likely been damaged again after increasing the policy interest rate.
"STABLE INCREASE IN DOLLAR WILL CONTINUE"
Ghose pointed out that these developments occurred after the rapid decline of the lira following the arrest of Ekrem İmamoğlu, and emphasized that the Central Bank has started to rapidly lower interest rates despite a modest improvement in inflation. The dollar rose by 0.1% against the Turkish lira to 38.4488 TL. Commerzbank predicts that the dollar will continue to rise steadily in the coming quarters. Ghose expressed that the depreciation of the Turkish lira is expected to continue in the upcoming period.