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CBRT keep rates unchanged at 8.25% against...>

TURKEY
TURKEY: CBRT keep rates unchanged at 8.25% against expectations of a rate cut of
25/50bps.
- TRY rallies hard, prompting USD/TRY to hit 6.84 before stabilising somewhat.
The CBRT note that the economic recovery has started and the bank saw some
increase in the trends of core inflation indicators.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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