MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CBRT Expected to Hold Rates at 9.0%

TURKEY
  • The CBRT rate decision at 1100 GMT/1400 local time takes focus today, where the one-week repo rate is expected to be held at 9.00% as the bank remains highly politically influenced and willing to look through inflation in excess of 60%. Fundamental pressure on the lira is likely to have increased due to the lack of tourist revenues over the winter period, meaning further rate cuts would make maintaining the lira’s stability more difficult.
  • Click here to see the full MNI Preview including sell-side analyst views
  • A senior Turkish official said he expects the US to approve his country’s purchase of F-16 fighter jets, even as divisions between the Biden administration and Congress over the deal are likely to hold up a delivery of the planes, Bloomberg report. The US and Turkey relationship has been experiencing strain due to Ankara's willingness to strike a foreign policy path which has put it increasingly at odds with Washington, with analysts not expecting significant movement on the Nordic NATO bids until after the Turkish general election in May.
  • Energy Minister Donmez will announce Turkey’s National Energy Plan today in Ankara at 1100 GMT/1400 local time.

BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.