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CBRT expected to hold rates tomorrow – BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - According to analysts at BBH, the Turkish central bank (CBRT)could leave rates unchanged at tomorrow’s meeting.

    Key Quotes

    “Turkey’s central bank meets Tuesday and is expected to keep rates steady at 7.5%”.

    “Unfortunately, President Erdogan is once again talking about monetary policy”.

    “After being surprisingly quiet during the election period, he is once again pressuring the central bank to ease, despite Turkey’s chronic inflation problem”.

    “He called for the bank the cut rates to closer to historical lows of 4.5%, from back in 2013”.

    “Risks to central bank independence in Turkey have been a negative factor in market confidence for some time, and it doesn’t look to be getting any better”.
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