Free Trial
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.
Turkey Central Bank
Turkey Central Bank
Executive Summary
- CBRT is expected to leave policy unchanged at 14.00% this week in line with the unanimous consensus and remains in 'wait & see mode'
- Analysts forecast headline CPI will peak at 60-65% in May/June, with risks skewed to the upside on the back of energy/food supply chain issues due to the Ukraine crisis
- After a period of low volatility in Jan/Feb, lira weakness has returned with the CBRT and state banks struggling to keep promises for a stable currency with real policy rates at -40.44%
- Despite increase inertia in proinflationary drivers, the CBRT is likely to continue favouring FX intervention and tweaks to the FX-linked deposit scheme over tightening policy
Full Preview Here:
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok