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Kavcioglu Warns of Higher Inflation, CBRT to Continue 'Tight Policy'

TURKEY

CBRT INFLATION REPORT: KAVCIOGLU HEADLINES

  • Significant improvement expected in key export mkts
  • Cautious monetary stance gains global importance
  • Turkey gold imports gradually slowing down
  • Current account balance improvement seen from 2q
  • Loan growth and composition of crucial importance
  • Turkey loan growth acceleration seen as of January
  • Continuation of tight policy to act as a buffer
  • Previous turkey inflation path to rise temporarily
  • Turkey inflation to remain elevated in April
  • Demand conditions more inflationary than predicted
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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