A quick update on the future of the Turkish Lira (TL):
Interest rates will rise to the range of 30% to 35% and will remain high for the following years (possibly 2-3 years). The Turkish Central Bank will stop printing vast amounts of money, and getting loans for purchasing houses or cars will become difficult. This action will lower inflation for few years. TL will have a correction to the levels of 20-23 within a few years.
After 3-4 years, the next target will be levels of 40-60. The Central Bank will continue to print money and lower the interest rates. That will trigger another inflation around 2027-2028.
Targets:
First target: Range of 28-29
Second target: Range of 25-28 for a few years
Third target: Levels of 20 for a swift correction
Last target: Levels of 40 after 2-4 years
This constitutes a very long-term analysis. It is important to note that this assessment could be inaccurate; all the stated opinions are personal. The market can undergo drastic changes due to even a minor policy adjustment. Therefore, exercise caution and conduct your own research before making any decisions. Stay safe.
Interest rates will rise to the range of 30% to 35% and will remain high for the following years (possibly 2-3 years). The Turkish Central Bank will stop printing vast amounts of money, and getting loans for purchasing houses or cars will become difficult. This action will lower inflation for few years. TL will have a correction to the levels of 20-23 within a few years.
After 3-4 years, the next target will be levels of 40-60. The Central Bank will continue to print money and lower the interest rates. That will trigger another inflation around 2027-2028.
Targets:
First target: Range of 28-29
Second target: Range of 25-28 for a few years
Third target: Levels of 20 for a swift correction
Last target: Levels of 40 after 2-4 years
This constitutes a very long-term analysis. It is important to note that this assessment could be inaccurate; all the stated opinions are personal. The market can undergo drastic changes due to even a minor policy adjustment. Therefore, exercise caution and conduct your own research before making any decisions. Stay safe.
Trade active
Comment:
Min %25 correction is loading get ready...
A small change for the target : 31tl-32tl