18 Jan 2016
CBRT expected to remain ‘on hold’ – BBH
FXStreet (Edinburgh) - According to analysts at BBH, the Turkish central bank (CBRT) could keep its monetary policy unchanged at tomorrow’s meeting.
Key Quotes
“Central Bank of Turkey meets Tuesday, and is expected to keep rates steady at 7.5%. There is a small handful that sees a 50 bp hike to 8%”.
“Last month, markets were expecting a 25 bp rate hike but the bank delivered a dovish surprise and kept rates steady”.
“But with inflation still rising and the lira still weakening, the central bank should not wait any longer to hike”.
Key Quotes
“Central Bank of Turkey meets Tuesday, and is expected to keep rates steady at 7.5%. There is a small handful that sees a 50 bp hike to 8%”.
“Last month, markets were expecting a 25 bp rate hike but the bank delivered a dovish surprise and kept rates steady”.
“But with inflation still rising and the lira still weakening, the central bank should not wait any longer to hike”.