The Central Bank of Turkey remains tight
Published on Thursday, September 14, 2017 | Updated on Monday, October 2, 2017
The Central Bank of Turkey remains tight
Summary
The Central Bank maintained its interest rate corridor once again parallel to our call and market consensus. The Bank keeps its hawkish tone as it also finds the high levels of both the headline and core inflation alarming over pricing behavior. We expect the Bank not to find room for monetary easing until the end of 1Q18, when the headline will fall towards 8-8.5%.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Inflation
- Monetary policy
Authors
Seda Guler Mert
BBVA Research - Chief Economist
Asuman Kemiksiz