MNI BRIEF: Inflation Risks Now Shifted To Downside-BOE Ramsden

MNI: Goolsbee Says Stalled Inflation Means Wait Before Moving

MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: BAKER HUGHES US RIG COUNT 619; OIL RIGS 511; GAS RIGS 106

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CBRT Likely to Cut Key Rate (1100 GMT)

TURKEY
  • Dovish tweaks to the January policy statement and political pressure to loosen financial conditions following the devastating earthquakes are likely to lead to a rate cut decision at the CBRT’s meeting today. Sell-side analysts are split between no change in the key rate and a 100bp cut to 8%.
  • See full MNI Preview including sell-side analyst views here: https://roar-assets-auto.rbl.ms/files/51418/MNICBRTPrevFeb23.pdf
  • Macroprudential measures and the government's push for liraization have accelerated banking sector demand for TRY deposits via the KKM system, according to financial sources. Ekonomi estimate that the annual dollar-deposit interest rate stands at 25%, with Turkish banks offering particularly high interest rates to customers who bring either USD or EUR balances to the currency-protected accounts system.
  • Hurriyet report that the EU has underlined its intention to cover a significant part of the enormous cost of the devastating earthquakes through a high-level donors’ conference with the participation of the international community and global relief organisations on March 16 in Brussels. Bloomberg economists estimate that public spending on the earthquake may be equivalent to 5.5% of GDP.
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.