Published on Friday, June 8, 2018
Turkey | CBRT surprised markets on the upside
Summary
The Central Bank (CBRT) hiked the one-week repo rate by 125 bps to 17.75%, clearly above market expectations (BBVA Research 50bps). With the decision, the CBRT reinforces its stance on inflation worries in the short term and takes a solid step to restore credibility against rapidly worsening inflation expectations.
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- Türkiye
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- Macroeconomic Analysis
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Authors
SG
Seda Guler Mert
BBVA Research - Principal Economist
AI
Adem Ileri
BBVA Research - Senior Economist
SK
Serkan Kocabas
�O
Álvaro Ortiz
BBVA Research - Head of Analysis with Big Data