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Central Bank Opens Lira Deposit Buying Auction

  • The CBRT has announced a TRY deposit buying auction with two-week maturity, Bloomberg report. Auction hours: 10am-11am local time, traditional method. The auction takes place after central bank said yesterday that it would use sterilization tools at its disposal to draw out excess liquidity and support monetary tightening.
  • Speaking about US approach on the sale of F-16s to Turkey, a senior White House official says Washington is waiting for Turkey to ratify Sweden’s NATO membership to take steps on this issue, Hurriyet report.
  • Turkey's tourism arrivals fell 1.02% y/y in November versus +3.83% in October, according to Turkish Culture & Tourism Ministry.
  • Our review for yesterday’s CBRT decision will be released later today.

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