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CBRT Keep Policy Unchanged, As Expected

TURKEY
  • CBRT keep rates unchanged at 14.00%, alongside expectations.
  • In the accompanying policy statement, language is broadly intact from the prior meeting:
  • "The Committee expects disinflation process to start on the back of measures taken and decisively pursued for sustainable price and financial stability along with the decline in inflation owing to the base effect and the resolution of the ongoing regional conflict."
  • Full statement here: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN...
  • No material reaction in USD/TRY, rate remains close to the day's best levels at 14.6224.

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