# Barclays: TCMB made a 'technical adjustment' to the pace of lira depreciation

> Barclays economist Ercan Ergüzel said in a 3 November note that the Turkish central bank made a technical adjustment in October, raising the lira's monthly depreciation pace against the dollar from 1.6% in September to 1.8%. Barclays does not expect the pace to slow unless global energy prices fall significantly.

- Date: 2026-11-03 · published 2026-11-03T15:13:38.091Z
- Category: macro · region Turkey · magnitude low
- Page: https://feedsoft.ai/events/77926-barclays-tcmb-made-a-technical-adjustment-to-the-pace-of-lira-depreciation
- Commodities: [Turkish Lira (TRY per USD)](https://feedsoft.ai/c/USDTRY.md)

## Why it matters

A faster lira slide raises the local-currency cost of imported feed ingredients for Turkish buyers and adds dollarization and reserve pressure. Import costs in Turkey are likely to rise.

## Read by commodity

- USDTRY: bullish ▲

## Sources

- duyanduysun.com: https://duyanduysun.com/ekonomi/barclays-tcmb-tldeki-deger-kaybi-hizinda-teknik-ayarlama-yapti-14914
- bloomberght.com: https://www.bloomberght.com/barclays-tcmb-tl-deki-deger-kaybi-hizinda-teknik-ayarlama-yapti-3793296

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.