Turkey | The CBRT stays on hold & Lira depreciates
Published on Tuesday, July 24, 2018
Turkey | The CBRT stays on hold & Lira depreciates
Summary
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.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Inflation
- interest rate
- CBRT
Authors
Adem Ileri
BBVA Research - Principal Economist
Serkan Kocabas
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data