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CBRT Rate Decision in 30 Minutes (1200BST/1400 local)

TURKEY
  • The CBRT are expected to keep rates on hold following guidance in the March meeting statement that current rates are now “adequate” to support the economy.
  • Sell-side are uniform in seeing rates held at 8.5%, though some analysts note that there is a risk of one last token cut ahead of the tightly contested elections on May 14th.
  • See the full MNI Preview including a summary of sell-side analyst views here: https://roar-assets-auto.rbl.ms/files/52614/MNICBRTPrevApr23.pdf

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