Published on Wednesday, March 6, 2019 | Updated on Wednesday, March 6, 2019
Turkey | The CBRT reinforces credibility
Summary
The CBRT kept its policy rate (one-week repo, 24%) unchanged in line with expectations. The policy statement is almost the same with the latest one and maintains the tight tone by being prudent on inflation outlook and keeping the door open for further tightening if needed. In our view, the CBRT should wait for June to start a gradual easing cycle.
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- Türkiye
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- Macroeconomic Analysis
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- Monetary policy
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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