Commerzbank AGCBK
± Mixedrelevance
Commerzbank is the source of the warning on the lira, not a subject of a company-specific development.
Commerzbank's Tatha Ghose warns that an easing cycle in an inflation-vulnerable economy is the key risk for the Lira, after USD/TRY broke above 49.0, continuing a pattern of defended levels being breached in step-jumps. Ghose downplays the broader systemic impact of a Turkish stock market scandal and instead highlights surging fuel-driven inflation and the prospect of CBT rate cuts.
Commerzbank AGCommerzbank is the source of the warning on the lira, not a subject of a company-specific development.
Commerzbank warns CBT rate cuts in an inflation-vulnerable economy risk further lira weakness, with USD/TRY breaking above 49.0.