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CBRT seen ‘on-hold’ tomorrow – BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysts at BBH expect the Turkish central bank (CBRT) to keep its monetary policy unchanged at tomorrow’s meeting.

    Key Quotes

    Turkish central bank meets Tuesday and is expected to keep policy steady”.

    “We do not think markets would take this well, not with CPI inflation at 9.6% y/y in January and rising further above the 3-7% target range”.

    “Yet we know the central bank is under great pressure not to tighten further”.

    “Political risk has risen with the recent bombing in Ankara last week. Also, relations with the US may be getting strained, with senior Turkish official saying that US jets may be barred from using Incirlik airbase”.
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