May 09, 2024 07:29 GMT
CBRT Governor to Speak at Inflation Report Meeting Shortly
TURKEY
- Central bank Gov. Fatih Karahan speaks at inflation report meeting coming up shortly at 08:30BST/10:30 local time. Goldman Sachs say they expect the Bank to raise the mid-point of its 2024 year-end forecast from +36% y/y to +38% y/y while keeping its more longer-term projections unchanged.
- Turkey’s central bank has ended another rule designed to prop up the lira and which drew criticism from bankers and investors in recent years, Bloomberg report. It announced it was scrapping a regulation that forced banks to buy lira-denominated government securities if they failed to meet certain ratios for raising deposits in the currency.
- There are no data releases scheduled for today. Industrial production and unemployment rate data will cross on Friday.
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