Turkey: CBRT Opted to Regain Flexibility
Published on Tuesday, January 24, 2017
Turkey: CBRT Opted to Regain Flexibility
Summary
The Central Bank (CBRT) kept one-week-repo rate at 8% but raised O/N lending rate to 9.25% from 8.5% and late liquidity window (LLW) rate from 10% to 11%. The increases in O/N lending and LLW rates were in line with market consensus, however, not delivering a hike in the one-week repo rate was surprising for the markets.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
- Banks
Tags
- Tags
- central bank
Authors
Ugur Kucuk
Seda Guler Mert
BBVA Research - Chief Economist
Asuman Kemiksiz