CBRT expected to remain ‘on hold’ – BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 18, 2016.

  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 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”.
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