Turkish Finance Minister Nureddin Nebati downplays expectations of further depreciation of the lira, in his latest interview with the Nikkei Asian Review.

Additional quotes

“Inflation to peak below 50% in April.”

“2022 growth to be around 5%.

“No substantial fx interventions since December 19.”

Market reaction

Despite the encouraging comments from the Turkish official, the lira loses ground, pushing o fresh daily highs of 13.53. The pair is gaining 0.45% on the day.

This article was originally published by Fxstreet.com.Read the original article here.

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