Tagged: Commerzbank

Commerzbank estimates

The German commercial bank on Tuesday raised its US dollar / lira exchange rate estimate to 10.00 at the end of 2021 and predicted “the next crisis in Lila is imminent”.

Commerzbank estimates

“The next crisis in Lila is the same as the one that triggered the crisis in early 2018: the president firmly reiterated his non-traditional monetary policy philosophy, indicating that unknown policy experiments will be conducted now,” said Tata ghose, an analyst at Commercial Bank of Germany, in a research paper to customers

 

“We will increase the US dollar / lira exchange rate estimate from 8.00 to 10.00, which is clearly symbolic at the end of 2021.”