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Barclays said the Turkish central bank made a technical adjustment in October, lifting the lira's depreciation pace against the dollar from 1.6% to 1.8% a month, as USD/TRY tested a record above 50. Barclays expects the pace to hold unless global energy prices fall significantly.
It also flagged a possible cut in the deposit withholding tax if current-account financing concerns grow.
Faster lira depreciation raises the cost of imported feed ingredients for Turkish buyers and increases dollarization and reserve pressure. Any policy response could change domestic deposit flows.
paratic.comGökhan ÖzbaşNov 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
