Free Trial

Agbal Tries to Soothe Markets, Reiterating Hawkish Stance

TURKEY

CBRT:

  • AGBAL CITES IMPORTANCE OF CONFIDENCE IN MON. POLICY
  • SAYS TURKEY CENTRAL BANK SHIFTED PARADIGM STARTING NOV.
  • CENTRAL BANK TARGETS 'PERMANENT PRICE STABILITY'
  • These comments would have been better received immediately post-CPI earlier this wee like we saw in Nov-Jan, but still good to see Agbal showing CBRT presence and commitment to tightness
  • USD/TRY shifting lower, supported by a pause in $ buying. Support at 7.4769
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.