Turkey | The CBRT stays tight with deeds and words
Published on Wednesday, January 16, 2019 | Updated on Wednesday, January 16, 2019
Turkey | The CBRT stays tight with deeds and words
Summary
The Central Bank (CBRT) kept its policy rate (one-week repo, 24%) unchanged in line with expectations. We consider the decision as the right one as it supports the disinflation path and reinforces credibility. In our view, the CBRT should wait for June (when the recovery in inflation becomes more obvious) to start an easing cycle.
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- Türkiye
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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