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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessCommerzbank Expect Larger Than Consensus CBRT Rate Hike Today
- The Bloomberg consensus range of expectations appears to be centered around the 18.5% mark for today. But Commerzbank say they read numerous references in the media to the rate being hiked to 20%. They say this latter outcome likely because latest inflation data showed sharp acceleration in FX-passthrough.
- In their view, a 500bp rate hike will fall within expectations, but it will be large enough to let the debate progress to factors such as the consequence of rate hikes, whether or not conventional monetary policy will be successful, and until when President Erdogan will hold patience with this process.
- On the other hand, a smaller 350bp hike will immediately trigger usual short-term concerns and pressure on the lira.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.