🚨 JPMorgan and Major Banks Lower USD/TRY Forecasts for End of 2024
JPMorgan and several other major banks have begun revising their year-end forecasts for the USD/TRY exchange rate downwards. This adjustment reflects growing optimism around Turkey's recent economic policies and efforts to stabilize the lira. The revision comes amid significant interest rate hikes and policy shifts following President Erdoğan's re-election, aimed at curbing inflation and enhancing economic stability.