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CBRT Rate Decision Takes Focus, Consumer Confidence Falls in March

TURKEY
  • The CBRT rate decision takes focus today (1100 GMT/1400 local time), where rates are expected to remain on hold following guidance in February’s meeting statement that current rates are now “adequate” to support the economy. Nevertheless, some analysts see a 50bps cut to support the post-earthquake recovery ahead of the May elections. See the full MNI Preview here: https://roar-assets-auto.rbl.ms/files/52121/MNICBR...
  • President Erdogan said on Wednesday that he will speak by phone in the coming days with his Russian counterpart Vladimir Putin to discuss the Black Sea Grain deal, Hurriyet report. "We will have a phone call with Putin in two to three days," Erdogan said in a televised interview.
  • Turkey’s adjusted consumer confidence fell to 80.1 in March from 82.5 in February, according to data released by the Turkish Statistical Institute this morning. The survey was not conducted in 7 provinces hit by the February earthquakes.

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