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    Turkey | The CBRT stays on hold & Lira depreciates

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    Published on Tuesday, July 24, 2018

    Turkey | The CBRT stays on hold & Lira depreciates

    The Central Bank (CBRT) decided to maintain the policy rate unchanged (17.75%) despite the market expectations (including ours) of 100 bps tightening. We expect the CBRT will have to tight later, maybe tighter depending on the degree of fiscal consolidation and currency volatility.

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