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    Published on Friday, June 8, 2018

    Turkey | CBRT surprised markets on the upside

    Summary

    The Central Bank (CBRT) hiked the one-week repo rate by 125 bps to 17.75%, clearly above market expectations (BBVA Research 50bps). With the decision, the CBRT reinforces its stance on inflation worries in the short term and takes a solid step to restore credibility against rapidly worsening inflation expectations.

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    Authors

    Seda Guler Mert BBVA Research - Chief Economist
    Adem Ileri BBVA Research - Principal Economist
    Serkan Kocabas
    Alvaro Ortiz BBVA Research - Head of Analysis with Big Data

    Documents and files

    Report (PDF)

    Policy-Pulse_Monetary-Policy_Jun2018

    English - June 8, 2018

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