(TR inflation YoY - US inflation YoY) vs. USDTRY YoY growthCrude check to see whether (TR inflation YoY - US inflation YoY) has close correlation with USDTRY YoY growth
TRIRYY trade ideas
Dealing with Inflation the Turkish WayInflation is running hot in Turkey at 21% YoY & soon to surpass the 2019 high of 25%. And yesterday the central bank, or dare we say President Erdogan, cut the weekly repo rate by 100 bp to 14%. His theory is that lower rates will tame inflation. And the Turkish Lira promptly hit an all-time low against the US dollar.
President Erdogan for chair of the US Fed, anyone?
