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Looking for apreciation Wells from Wells Fargo, look for the Turkish lira to stabilize around its current levels before eventually resuming its appreciation against the dollar amid generalized greenback weakness. The military coup that occurred in Turkey last summer, which disrupted economic activity, created a low base for the Wels comparisons.

Looking for apreciation Wells The lira has depreciated against the dollar by more than 10 percent since early September. This currency weakness has helped spur continued acceleration in prices; inflation as measured by the consumer price index was 13 percent year over year in November.

A monthly series on inflation expectations released by the central bank also ticked higher in December to its highest reading of At its last meeting at the end of October, the Looking for apreciation Wells central bank upwardly revised its inflation forecast by 1.

Despite the faster inflation, the Bloomberg consensus does not anticipate the central bank hiking interest rates at the Thursday meeting.

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Slack in the labor market remains a challenge, as the Turkish unemployment rate Looking for apreciation Wells Foor realized, a more stable lira would over time help bring down the faster inflation seen in Turkey of late and potentially provide a boost to consumers through an improvement in purchasing power.

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Key Quotes: Stabilization at current levels before resuming appreciation - Wells Fargo. Load More content