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Remains Vulnerable

AUDUSD TECHS

Trend Needle Points North

US TSYS

Bonds Near Highs, Yield Curves Flatter

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TURKEY
  • AGBAL: CBRT TO KEEP TIGHT POLICY UNTIL 5% INF TARGET ACHIEVED
  • AGBAL: IT'S TOO EARLY TO SPEAK OF AN EASING CYCLE
  • Overall, an excellent market stabiliser from Agbal through the inflation report
  • Reinforcing the hawkish stance
  • rebuilding CBRT credibility built on autonomy from Erodogan's political influence on rate
  • Helping anchor inflation expectations through a flat year end target
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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