Turkey | The CBRT gives a stronger message
Published on Friday, December 14, 2018 | Updated on Friday, December 14, 2018
Turkey | The CBRT gives a stronger message
Summary
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.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Monetary policy
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
Documents and files
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