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Erdogan Boosts Pressure to Cut Rates with Inflation Rhetoric

TURKEY

Erdogan:

  • NUMBER OF AGRICULTURE COOP MARKETS TO RISE TO 500
  • TURKEY DETERMINED TO REDUCE INFLATION, CUT RATES
  • INTEREST OF GLOBAL INVESTORS TO TURKEY ON THE RISE
  • Erdogan undoing most of the subtle tightening delivered this morning from reserve requirement tweaks, with more or his unconventional views on inflation
  • This is a risk we have been flagging for the past few CBRT meetings with Erdogan likely to become increasingly vocal on cutting rates, the longer inflation remains sticky and elevated
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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