TURKISH LIRA PLUNGES TO THIS LEVEL AMID EXPECTATIONS OF A FURTHER COLLAPSE IN 2025
The Turkish Lira has continued to drop significantly.
Morgan Stanley issued a report suggesting economic challenges for Turkey.
Turkish banks are expected to face delays in recovering their profit margins due to economic pressure and regulations.
The Central Bank of Turkey is focusing on reducing inflation, which may negatively impact the banking sector.
Despite previous expectations, the Central Bank has not raised interest rates for seven months.
The interest rate remains at 50%, and plans to reduce it have been delayed, signaling a more cautious approach to inflation.
