The poll below, from the yahoo group Research Turkey (compiles research reports on the Turkish economy) reflects the mood in Turkish markets after the CBT's surprise rate cut. As you can see from the poll, bond yields and USDTRY, which used to move in tandem, have recently decoupled, with the former taking its cues from policy rates and the latter still following global developments, but I am not sure the decoupling will last...
POLL QUESTION: After unexpected 200 basis rate cut of CBT which one is still the best way of protecting your savings in 2009 ?
CHOICES AND RESULTS
- CASH USD, 4 votes, 20.00%
- CASH EUR, 1 votes, 5.00%
- CASH TL, 1 votes, 5.00%
- TR GOV. BOND, 6 votes, 30.00%
- GOLDEN, 3 votes, 15.00%
- OIL, 1 votes, 5.00%
- US STOCKS, 0 votes, 0.00%
- TR STOCKS, 4 votes, 20.00%
- OTHER , 0 votes, 0.00%
POLL QUESTION: After unexpected 200 basis rate cut of CBT which one is still the best way of protecting your savings in 2009 ?
CHOICES AND RESULTS
- CASH USD, 4 votes, 20.00%
- CASH EUR, 1 votes, 5.00%
- CASH TL, 1 votes, 5.00%
- TR GOV. BOND, 6 votes, 30.00%
- GOLDEN, 3 votes, 15.00%
- OIL, 1 votes, 5.00%
- US STOCKS, 0 votes, 0.00%
- TR STOCKS, 4 votes, 20.00%
- OTHER , 0 votes, 0.00%
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