For that reason, a new reaction could be limited but there will be selling pressure on the markets. The lira could touch 1.36 against the dollar on Monday.
The nomination process did not go well and the uncertainty persists, causing negative reactions at the markets. Most probably there will be small falls until the uncertainty ends, but I don't see any major fall.
The bank's announcement in March that inflation will begin to fall is an important signal that it will cut rates. The elimination of uncertainty surrounding the central bank appointment has also paved the way for a rate cut.
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