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CBRT Rate Decision Coming Up (11:00GMT)

TURKEY
  • The benchmark one-week repo rate is unanimously expected to be raised by 250bps to 45%. Though this may mark the final step in the central bank’s tightening cycle, recent central bank communication has signalled that interest rates are likely to remain elevated for a prolonged period of time.
  • Accordingly, sell-side analysts are expecting rates to be maintained at 45% until Q3 at the earliest, with some expecting no change for the remainder of the year.
  • The decision will be announced at 11:00GMT/14:00 local time. See our full preview of the decision, with a summary of sell-side analyst views, here.

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