MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

CBRT Policy Likely Unchanged, With Rates on Hold at 14.00%

TURKEY
  • The Turkish rate decision takes focus Thursday, the CBRT are likely to keep policy unchanged at 14.00% this month, as the now-familiar contrast between high inflation and a government pledge to lower interest rates keeps policy in a logjam. Keeping rates unchanged at this stage allows the bank to prevent a further decoupling of inflation expectations via the rates channel, while the government lean more heavily on ex-monetary policy tools to shore up the TRY FX rate and bolster FX reserves.
  • Full preview here: https://marketnews.com/mni-cbrt-preview-april-2022-on-hold-for-now
  • The government’s Economy Coordination Board met today, and looking into additional financing possibilities to combat the run higher in energy prices. The release went into little detail on what the measures could consist of, or which elements of the economy would be targeted.
  • Dunya reports that port activity has been slowed due to the Ukraine crisis, with security concerns, sanctions and high insurance fees denting shipowner movements.
  • In response to reports earlier in the week that the CBRT could raise the proportion of FX revenues that need to be converted to TRY, an exporters trade body demanded that different sectors could be levied with different rates.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.