Free Trial

Erdogan Says Turkey to Lower Rates Depending on Conditions, Expects CPI to Fall

TURKEY
  • ERDOGAN SAYS TURKEY INFLATION SLOWING IN LINE WITH HIS THESIS
  • ERDOGAN SIGNALS REVIVING TURKEY-ISRAEL GAS PIPELINE PROJECT
  • ERDOGAN SAYS EXCHANGE RATES, INTEREST RATES TO FALL GRADUALLY
  • ERDOGAN SAYS TURKEY TO LOWER RATES DEPENDING ON CONDITIONS
  • USD/TRY ticking up on that last comment slightly intimating more rate cuts may be in the pipeline if inflation falls
  • Expectation is that inflation will rise to a peak at 50-55% in May before falling to 35-45% into year end, so room to cut should be limited unless Erdogan decides to resume cuts broadly against market conditions (as he has before)
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.