{"id":248839,"date":"2024-02-17T01:40:39","date_gmt":"2024-02-16T20:10:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=248839"},"modified":"2024-02-17T01:40:39","modified_gmt":"2024-02-16T20:10:39","slug":"symbolic-forecast-of-35-00-for-end-2024-commerzbank-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/symbolic-forecast-of-35-00-for-end-2024-commerzbank-crypto-news\/","title":{"rendered":"\u201cSymbolic\u201d forecast of 35.00 for end-2024 \u2013 Commerzbank – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

\n Share:<\/span><\/p>\n

The Turkish Lira (TRY) has continued to weaken even after the central bank has hiked rates massively since June 2023. Economists at Commerzbank analyze TRY outlook.<\/p>\n

The recent change of central bank governor does not foster market confidence or continuity<\/h2>\n
\n

Recently, the head of the central bank resigned and was once again replaced by deputy Fatih Karahan. The new chief has experience working at the US Fed, and like his predecessors, promises to maintain tight monetary policy until inflation has declined fully towards the 5% target. The change In the end, however, only one thing will rule: President Tayyip Erdogan\u2019s will.\u00a0<\/p>\n<\/blockquote>\n

\n

Markets are aware that the CBT governor\u2019s promise counts for little until and unless Erdogan actually supports the policy.\u00a0<\/p>\n<\/blockquote>\n

\n

We retain our \u2018symbolic forecast\u2019 of 35.00 for USD\/TRY by the end of 2024. Symbolic because the fair value is unknown (even to CBT, in our view) and many abrupt qualitative changes can occur before then.<\/p>\n<\/blockquote>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Share: The Turkish Lira (TRY) has continued to weaken even after the central bank has hiked rates massively since June 2023. Economists at Commerzbank analyze TRY outlook. The recent change of central bank governor does not foster market confidence or continuity Recently, the head of the central bank resigned and was once again replaced by […]<\/p>\n","protected":false},"author":2,"featured_media":6666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,252,247,253,249,851,384,256,254],"class_list":["post-248839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-turkey","tag-usdtry","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=248839"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248839\/revisions"}],"predecessor-version":[{"id":248840,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/248839\/revisions\/248840"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6666"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=248839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=248839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=248839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}