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CBRT Rate Decision in Focus

TURKEY
  • A 500bp rate hike from the CBRT is expected (1200BST/1400 local time) following a sustained increase in inflation expectations and momentum as well as backing of tight monetary policy by President Erdogan. See the full MNI Preview, with a summary of sell-side analyst views, here.
  • Turkey's adjusted consumer confidence rose to 71.5 in September from 68.0 in August, according to the Turkish Statistical Institute.
  • “While enhancing our relations with the US on the political level, we also need to diversify our cooperation in the economic field. We see great potential between the two countries, from new and groundbreaking technologies to critical sectors, from innovation to manufacturing, from artificial intelligence to cyber security,” President Erdogan said on Sept 20 while addressing the 13th Turkey Investment Conference.

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