Close panel

  • Home
  • Publications
  • Who we are
  • Big Data
  • Forecasts
    Searcher

    Published on Thursday, April 25, 2019 | Updated on Thursday, April 25, 2019

    Turkey | The CBRT softens its policy tone

    Summary

    The Central Bank (CBRT) maintained the monetary policy rate unchanged (one-week repo, 24%) in line with expectations. We expect annual inflation will stay close to 20% until June and near 15.5% at the end of the year. Hence, we think that the CBRT should wait until October when the recovery in inflation will become more obvious to initiate easing cycle in monetary policy.

    Geographies

    Topics

    Tags

    Authors

    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_April2019-last

    English - April 25, 2019

    New comment

    Be the first to add a comment.

    Load more

    You may also be interested in