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- The Turkish lira rebound "will likely prove temporary," says Capital Economics
The Turkish lira rebound "will likely prove temporary," says Capital Economics
The Turkish lira is enjoying a rebound after the central bank and regulators introduced measures to stabilise the currency and Qatar promised $15bn in foreign direct investment, but the calm "will likely prove temporary," says Capital Economics. "This is a good time to recapitulate what exactly is at stake for the private sector as the lira depreciates continuously, every year. It has sometimes been suggested that lira depreciation doesn't really matter in Turkey because it helps exporters and, on the other hand, the electorate have long got used to high inflation," it says. - via WSJ
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