09:22 AM EDT, 06/17/2024 (MT Newswires) -- Morgan Stanley expects the Turkish central bank to maintain its interest rates unchanged until Q1 2025, Bloomberg HT reported last week, citing Morgan Stanley analysts Nida Iqbal and Hande Kucuk.

The analysts expect fiscal and revenue policies to increasingly support disinflation, which forms part of their base scenario. They expect the Turkish lira to depreciate to 39.00 against the US dollar by mid-2025.

USD/TRY was last quoted on Monday at 32.8565,