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CBRT are scheduled to announce its...........>

TURKEY
TURKEY: CBRT are scheduled to announce its monetary policy decision later today
at 1100GMT. Analysts at Danske Bank note, both we and Bloomberg consensus expect
a shift in the overnight lending corridor (+50bp in the borrowing rate and +75bp
in the lending rate), seeing the benchmark repo and the late liquidity lending
rates being unchanged. We keep our forecast for the USD/TRY unchanged at 4.40 in
1M, 4.45 in 3M, 4.35 in 6M and 4.50 in 12M, as we expect the USD to lose some of
its current momentum.

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