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CRBT Says Energy Price Risks On Current Account

TURKEY
  • *TURKEY CENTRAL BANK PUBLISHES SUMMARY OF APRIL 14 RATES MEETING
  • *TURKEY CENBANK CITES NEGATIVE SUPPLY SHOCK IMPACT ON INFLATION
  • *TURKEY CENBANK: PACE OF LOAN GROWTH IMPORTANT FOR STABILITY
  • *TURKEY CENBANK CITES ENERGY PRICE RISKS ON CURRENT ACCOUNT
  • Implied vol on TRY remains fairly low, with USDTRY trending slightly higher in the past week, currently testing the 14.70.
    • Next ST resistance to watch on the topside stands at 14.85.
    • On the downside, support to watch stands at 14.54.
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