Turkey: Further Tightening from the CBRT
Published on Wednesday, April 26, 2017 | Updated on Wednesday, April 26, 2017
Turkey: Further Tightening from the CBRT
Summary
In line with our expectations, the Central Bank increased late liquidity window (LLW) rate to 12.25% from 11.75% and kept the rest of the interest rates unchanged. Market consensus was the CBRT to hold the entire set of rates constant. Our rate increase expectation was based on our inflation forecast where we expect to breach 12% in April and stay close to 12% in May.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
- Central Banks
Authors
Ugur Kucuk
Seda Guler Mert
BBVA Research - Principal Economist
Asuman Kemiksiz
Documents and files
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