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Old 19th February 2015, 12:31   #9 (permalink)
TCJ
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Re: Watch The Lira Now

The story that Basci could be prosecuted seems more plausible than this one on the same day:

The Turkish lira will begin to "pick up the pace," showing a stronger performance in the short term, a report by investment bank JPMorgan said yesterday. "Political pressure on the Central Bank of the Republic of Turkey to cut rates seems to be easing," the report said.

This seems to be based on what Basci's pal Babacan said (see Post #8). Babacan is not standing again in June. Perhaps Basci can last till then.

Turkish lira expected to pick up the pace: JPMorgan - Daily Sabah

Last edited by TCJ; 19th February 2015 at 12:50..
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