Economist Altıntaş: Markets are unstable

img
ANKARA - Economist Mustafa Altıntaş said: "The markets are unstable, and indecision causes speculation."
 
The markets became lively after Tayyip Erdoğan, the candidate of the People's Alliance, won the second round of the controversial Presidential elections. The sudden rise in the pre-election markets led to concerns about a currency crisis. The fact that the Central Bank (MB) reserves fell to “negative” justified the concerns.
 
SPREAD IS OPENING
 
Evaluating the fluctuations in the economy before and after the election, economist Mustafa Altıntaş pointed out that the markets started to react. Stating that all indicators have undergone an upward change from yesterday to today, Altıntaş said: “19.96 TL USD to 20.08 TL, 21.37 TL Euro to 21.59 TL, 1.249 TL gram gold to 1.255 TL, Borsa İstanbul 4 increased from 1,530 to 4,782. The most important thing is that there is an expectation that these indicators will not be the same, but will rise. Another indicator of this is the widening of the difference between the purchasing and saling prices. Markets are indecisive, and indecision causes speculation. Another important indicator is that the use of money, the interest level, which is the cost of borrowing, and the interest rate on deposits and loans are above 40 percent, although the benchmark interest is kept low. All these block the way for long-term trends.”

View More Articles

22/04/2024
11:18 Prisoners protest for freedom of Abdullah Ocalan
11:15 'Imrali isolation can be abolsihed by struggling together'
10:45 Journalist Karadaş: The fate of people in the Middle East is interconnected
21/04/2024
11:05 126 years of resistance tradition
10:44 Every day letters to CPT for Abdullah Ocalan
09:52 Children's rights on cover of Jin Magazine
09:51 New attack launched in Metîna before Erdogan's visit
09:50 No news from journalist Suleyman Ahmet for 180 days
09:49 Prisoners protest for freedom of Abdullah Ocalan
20/04/2024
11:17 No news from journalist Suleyman Ahmet for 179 days
11:16 Prisoners protest for freedom of Abdullah Ocalan
11:12 Ill prisoners have not been treated for 3 years
10:35 Muslim: PKK is an excuse, the target is Kirkuk and Sulaymaniyah
19/04/2024
14:02 Families apply to go to Imrali
13:48 Peshmerga being killed in Turkish attack
13:47 Hatimoğulları: Election results increased our hope
13:37 Halise Aksoy releases
12:41 Prisoners protest for freedom of Abdullah Ocalan
12:28 No news from journalist detained by KDP intelligence
12:24 Justice Watch: Our struggle will continue
18/04/2024
13:26 'I am a respectable person' defense from soldier who arrested for sexual assault
13:02 Application to meet to Abdullah Ocalan from lawyers
12:47 No news from journalist Ahmet for 177 days
12:45 Prisoners protest for freedom of Abdullah Ocalan
12:44 'Let's be a partner the resistance of the prisoners'
12:00 Journalist Oynas: Resistance against oppression in prison has increased
11:02 International 'Dialogue with Ocalan' event days
16/04/2024
16:50 Imprisonmen review wii be held tomorrow in Kobanê Case
15:58 ‘Their demands are our demands’
13:59 No news from journalist for 175 days
12:51 Prisoners protest for freedom of Abdullah Ocalan
10:09 Çarşema Sor celebration in Wêranşar
09:13 Imrali letter to CPT from 91 institutions and names
15/04/2024
17:17 Debt left by Sêrt trustee: 456 million Liras
17:16 Book of chords selected pieces from last 13 years Kurdish music published
16:59 From Temelli to parties in Parliament: It's time to learn lessons
16:03 Iran massacred 2 kolbars
14:20 'Our growing struggle will break the isolation'
13:26 'War cabinet' meets in Israel
13:04 Supreme Court elections in 17th round
12:18 Motion to ban trade between Turkey and Israel
12:10 Air attack on Biradost
12:05 Male violence: 1 woman murdered, 1 woman seriously injured
11:59 Justice Watch action moves to different stage
11:56 Prisoner in action: Make our voices heard
11:01 Botan Valley takes on spring colors
10:52 Prisoners protest for freedom of Abdullah Ocalan
10:51 No news from journalist detained by KDP intelligence
14/04/2024
14:07 Israel: Iran attacked with approximately 290 missiles and UCAV
14:04 Israel made a call: The UN Security Council is meeting today