Turkey: Central Bank strengthened tightening
Published on Thursday, March 16, 2017
Turkey: Central Bank strengthened tightening
Summary
Slightly below market and our expectations, the Central Bank (CBRT) increased late liquidity window (LLW) rate to 11.75% from 11% and kept the rest of the interest rates constant. After already breaching double digits, expectations of further significant increase in inflation is noted as the main driver of today’s decision.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Ugur Kucuk
Seda Guler Mert
BBVA Research - Principal Economist
Asuman Kemiksiz
Documents and files
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