Turkey | CBRT surprised markets on the upside
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.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
Authors
Seda Guler Mert
BBVA Research - Principal Economist
Adem Ileri
BBVA Research - Senior Economist
Serkan Kocabas
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Documents and files
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