Turkish Finance Minister Nureddin Nebati downplays expectations of further depreciation of the lira, in his latest interview with the Nikkei Asian Review.
“Inflation to peak below 50% in April.”
“2022 growth to be around 5%.
“No substantial fx interventions since December 19.”
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.