The Turkish Lira Stabilizes Amid speculation That The Central Bank Will Raise Its Inflation Forecast

The Turkish lira stabilized ahead of the central bank’s report on quarterly inflation, which is expected to raise its expectations in the face of the falling currency and rising commodity prices.

The lira was at 8.1950 against the dollar, which is below its close level on Wednesday at 8.2.

The currency has lost more than 9% of its value since the beginning of the year, and last month witnessed a sharp decline after the overthrow of the central bank governor.

A Reuters poll predicted that inflation in Turkey will exceed 17% this month.