Turkey´s 300bps hike: The later, the tighter
Published on Thursday, May 24, 2018 | Updated on Thursday, May 24, 2018
Turkey´s 300bps hike: The later, the tighter
Summary
The CBRT decided yesterday to raise the “de facto” policy interest rate (Late Liquidity Window) by 300bps to 16.5% to correct the significant depreciation of the Turkish Lira, also with other reasons including the huge deviation of inflation from the target and expectations, financial stability motives and rapid loss of credibility during the last two weeks.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Inflation
- Monetary policy
- CBRT
Authors
Seda Guler Mert
BBVA Research - Chief Economist
Adem Ileri
BBVA Research - Principal Economist
Serkan Kocabas
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data