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CBRT May Minutes Provide Little New on Policy

TURKEY

CBRT Minutes here: https://www.tcmb.gov.tr/wps/wcm/connect/02199c04-a...

Few new details in CBRT minutes - a handful of highlights:

  • Energy price pullback expected to continue in May
  • Rise in demand for TRY assets and course of yield curve to be closely monitored
  • Recently released data points to stronger economic activity than anticipated
  • Committee continues to use a transparent, predictable and data-driven framework.

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