Turkey | The CBRT reinforces credibility
Published on Wednesday, March 6, 2019 | Updated on Wednesday, March 6, 2019
Turkey | The CBRT reinforces credibility
Summary
The CBRT kept its policy rate (one-week repo, 24%) unchanged in line with expectations. The policy statement is almost the same with the latest one and maintains the tight tone by being prudent on inflation outlook and keeping the door open for further tightening if needed. In our view, the CBRT should wait for June to start a gradual easing cycle.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
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- 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