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”. For more information, read our latest forex news.