Macro and Politics
Tacirler Investment
* The CBT released the February CPI-based Real Effective Exchange Rate (REER) Index at 74.96, down from the previous month’s 75.3, indicating a monthly real depreciation of 0.5%. Thus, the Turkish lira has depreciated in real terms for the first time since August. Moreover, the real appreciation over the last three months has totaled 3.8%.