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MNI CBRT Preview: CPI Overshooting & Higher FX Passthrough Force +100bp Hike


18/03/21 - 1100GMT/1200CEST/0700ET

POV: CPI Overshooting & Higher FX Passthrough Force +100bp Hike

  • The CBRT is expected to raise the 1w Repo +100bp this week in lieu of persistent CPI overshooting and higher FX passthrough from a weaker TRY. Markets will look to Agbal to reassert a more decisive disinflationary trajectory amid stickier than expected prices, rising UST yields and brewing tails risks of a more vocal Erdogan on the domestic rates trajectory.

Full Preview Here:

CBRT 18.03.21.pdf

MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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