MNI: PBOC Net Injects CNY46 Bln Via OMO Mon; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1201 Mon; -1.20% Y/Y

CHINA PBOC CONDUCTS CNY50 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1201 MON VS 7.1196

MNI BRIEF: China Hopes EU To Ease Frictions Via Negotiations

MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

IFO surprises to the downside

MNI: GERMANY JUN IFO BUSINESS CLIMATE INDEX 88.6

Consensus looks for higher IFO; flash PMI points to risks lower

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CBRT Minutes Reflect Little Change in the Policy Outlook, Despite Surging Inflation

TURKEY

CBRT Minutes: https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN...

  • Not much of note in the CBRT minutes, with the bank likely to keep rates on hold for the foreseeable future, despite surging inflation
  • Retains its position RE supply-side factors in pushing up inflation with food and energy prices being the key drivers
  • Focus of policy remains on lira stability and accumulating FX reserves, while administering tweaks to the FX-linked deposit scheme to keep the currency stable without resorting to rate hikes.
  • Also highlights the importance of long-term lira loans and the targeted use of accessed funds for real economic activity is important for financial stability,
  • This informs part of Erdogan's recent charm offensive with regional peers to attract investment, swap deal and foreign currency to address Turkey's BOP issues
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.