Published on Friday, December 14, 2018 | Updated on Friday, December 14, 2018
Turkey | The CBRT gives a stronger message
Summary
The Central Bank (CBRT) kept its policy rate (one-week repo, 24%) unchanged parallel to the expectations. We maintain our view that the CBRT could wait to deliver the first rate cut around the summer, when inflation starts to come down more obviously on base effects, easing exchange rate pass-thru, deeper negative output gap and declining cost push factors.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
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- Monetary policy
Documents and files
Authors
AI
Adem Ileri
BBVA Research - Senior Economist
SK
Serkan Kocabas
SG
Seda Guler Mert
BBVA Research - Principal Economist
�O
Álvaro Ortiz
BBVA Research - Head of Analysis with Big Data