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Free AccessCPI & PPI Print Above Expectations, But May Not Move Agbal Just Yet
CPI:
- TURKEY CORE INFLATION AT 16.21% IN FEB
- TURKEY FEB. CONSUMER PRICES RISE 0.91% M/M
- TURKEY FEB. CONSUMER PRICES RISE 15.61% Y/Y
- FEBRUARY INFLATION 15.61%; EST. 15.4%
PPI:
- TURKEY FEB. PRODUCER PRICES RISE 27.09% Y/Y
- TURKEY FEB. PRODUCER PRICES RISE 1.22% M/M
- both CPI & PPI come in above expectations
- Still think Agbal will keep his cards close to his chest at this juncture and wait for the real yield differential to erode further, but 16.00% for headline seems like a big threshold to cross
- CBRT has said it still expects stickiness and for inflation to tick higher in the short-term so this is not outside of expectations
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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.