Turkey | The CBRT gives a stronger message

The Central Bank (CBRT) kept its policy rate (one-week repo, 24%) unchanged parallel to the expectations. We maintain our view that the CBRT could wait to deliver the first rate cut around the summer, when inflation starts to come down more obviously on base effects, easing exchange rate pass-thru, deeper negative output gap and declining cost push factors.

Authors

Geographies

Topics

Tags