Turkey | The CBRT delivers a new bold action
Published on Friday, September 14, 2018 | Updated on Friday, September 14, 2018
Turkey | The CBRT delivers a new bold action
Summary
The Central Bank (CBRT) hiked policy interest rate (one-week repo) by 625bps to 24.0%. The hike is remarkably higher than expectations (21% Bloomberg) and even ours (22.75% BBVA Research). The decision of the CBRT doesn't only contribute to fight against inflation and inflation expectations but also supports financial stability by decreasing the pressures over the currency
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- central bank
- CBRT
Authors
Adem Ileri
BBVA Research - Principal Economist
Serkan Kocabas
Seda Guler Mert
BBVA Research - Chief Economist
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data