Turkey | The CBRT stays on hold
Published on Thursday, October 25, 2018
Turkey | The CBRT stays on hold
Summary
The Central Bank (CBRT) left its policy rate (one-week repo, 24%) unchanged in line with the consensus (vs. our expectation of 100bps hike). The press release after the decision is almost the same with the previous one, except for the stress over the slow-down in economic activity “partly due to tighter financial conditions”.
Geographies
- Geography Tags
- Türkiye
Topics
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- Macroeconomic Analysis
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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