Turkish Finance Minister Lutfi Elvan said on Friday that he expects the economy to grow more than the government forecast in 2021.
Additional comments
“Expect around 20% growth in Q2.”
“Central bank’s stance on price stability is important.”
“Will implement macroprudential measures if needed in a fight with inflation.”
USD/TRY reaction
In reaction to the above comments, USD/TRY dropped sharply to daily lows of 8.6690 before reversing to 8.6925, where it now wavers. The spot is trading modestly flat on the day.
