Free Trial

CBRT Expected to Hold Rates at 9.0%, Bringing End to Cutting Cycle

TURKEY
  • The central bank’s Monetary Policy Committee announces its decision on interest rates at 1100 GMT/1400 local time. The MPC will keep the benchmark 1-week repo rate unchanged at 9.0%, according to all but one of 18 economists.
  • See the full MNI Preview including sell-side analyst views here: https://roar-assets-auto.rbl.ms/files/49327/MNICBR...
  • Hurriyet report that the minimum wage marathon, which started in early December, is expected to end today. President Erdogan said at the group meeting Wednesday that they will settle the matter within a short time.
  • “Our goal is to bring such a market to life within a year,” Minister of Energy and Natural Resources Donmez said, Milliyet report citing Turkey’s preparations to become an energy hub. Donmez announced there will be no increase in natural gas and electricity prices at the beginning of the year.

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.