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Published on Tuesday, August 1, 2017 | Updated on Tuesday, August 1, 2017

Turkey | Monthly Economic Monitor - July 2017

Summary

Robust stance in the economic activity continued in 2Q, according to our nowcast. Inflation will ease further in summer on top of favorable base effects before climbing up again in 3Q. The CBRT strengthened its hawkish stance by keeping its interest rates intact and having the average funding rate hover above 11.9%.

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Report (PDF)

Monthly_Economic_Monitor_Turkey_July

English - August 1, 2017

Authors

SG
Seda Guler Mert BBVA Research - Principal Economist
AK
Asuman Kemiksiz
GO
Gizem Onen
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