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MNI CBRT Preview: CPI Tide is High but the CBRT is Holding On


MNI CBRT Preview 15/04/21: 1200BST/1300CEST/0700ET

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

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

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