Turkey: More than Expected Hike by the CBRT
Published on Thursday, November 24, 2016
Turkey: More than Expected Hike by the CBRT
Summary
In today’s monetary policy meeting, the Central Bank (CBRT) increased the O/N lending rate by 25 bps to 8.5% and one-week repo rate by 50 bps to 8.0%, and kept the O/N lending rate constant at 7.25%. The decision surprised the markets as the general market expectation was only a 25bps hike on the one-week repo rate.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- Monetary policy
- CBRT
Authors
Ugur Kucuk
Seda Guler Mert
BBVA Research - Principal Economist
Asuman Kemiksiz
Documents and files
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