Headline: Morgan Stanley: Central Bank of Turkey's Continued Focus on Inflation Reduction Bolsters the Lira

Morgan Stanley (NYSE:MS) indicates that the continued focus of Turkey's Central Bank (TCMB) on reducing inflation supports the Turkish Lira (TL). The bank notes a risk of the TL performing stronger than their year-end forecast of 36, projecting the USD/TRY exchange rate at 43 by the end of 2025. In their report, Morgan Stanley stated, "Given our expectation that TCMB will enter a slower rate-cutting path in the first half of 2025, we continue to believe the currency remains more attractive than bonds."