Commerzbank Warns Turkish Lira Volatility on Easing Talk

Commerzbank analyst Tatha Ghose has warned that Turkish Lira volatility may increase due to premature monetary easing signals from CBRT Governor Karahan.

Ghose notes that Karahan is considering a return to one-week repo auctions, which would lower effective funding costs toward the 37% policy rate. This move could undermine recent tightening efforts and stir market uncertainty.