ANKARA - Economist Mustafa Altıntaş said: "The markets are unstable, and indecision causes speculation."

 

The markets became lively after Tayyip Erdoğan, the candidate of the People's Alliance, won the second round of the controversial Presidential elections. The sudden rise in the pre-election markets led to concerns about a currency crisis. The fact that the Central Bank (MB) reserves fell to “negative” justified the concerns.

 

SPREAD IS OPENING

 

Evaluating the fluctuations in the economy before and after the election, economist Mustafa Altıntaş pointed out that the markets started to react. Stating that all indicators have undergone an upward change from yesterday to today, Altıntaş said: “19.96 TL USD to 20.08 TL, 21.37 TL Euro to 21.59 TL, 1.249 TL gram gold to 1.255 TL, Borsa İstanbul 4 increased from 1,530 to 4,782. The most important thing is that there is an expectation that these indicators will not be the same, but will rise. Another indicator of this is the widening of the difference between the purchasing and saling prices. Markets are indecisive, and indecision causes speculation. Another important indicator is that the use of money, the interest level, which is the cost of borrowing, and the interest rate on deposits and loans are above 40 percent, although the benchmark interest is kept low. All these block the way for long-term trends.”