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CBRT Rate Decision Coming Up (1100GMT/1400 local)

TURKEY
  • The CBRT are widely expected to raise its one-week repo rate by 250bps to 42.50%, marking a slowdown in pace from the 500bp moves in November, October and September and 750bps in August.
  • Given that inflation is still running above 60% Y/Y, additional tightening may still be required, though recent central bank communication has signalled that the end of the tightening cycle is nearing.
  • Of the sell-side views we have previewed, all are expecting a 250bp rate hike.

See the full MNI preview, with a summary of sell-side analyst views, here.

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