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MNI CBRT Preview - April 2021: CPI Tide Is High but the CBRT Is Holding On

Turkey Central Bank

MNI CBRT Preview - 15/04/21: 1200BST/1300CEST/0600ET

POV: CPI Tide is High but the CBRT is Holding On

The CBRT is expected to keep its 1w repo unchanged at 19% this week in a bid to shore up TRY stability before initiating an easing cycle in line with Erdogan's demands for single-digit rates against the tide of rising CPI. Despite assurances against premature easing from newly installed Governor Kavcioglu, risks of a cut at this meeting cannot be fully discounted.
Full Preview Here:

CBRT 15 April 21.pdf

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