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MNI CBRT Preview: Dec - 100bp Rate Cut Eyed, Erdogan Doubles Down on Growth Strategy

TURKEY
  • 16/12/21 - 1100GMT/1200CET/0600ET

The CBRT is expected to reduce its One-week repo rate by a further 100bps to 14.00% this week, doubling down on its reinvigorated lower rates, high growth strategy that remains broadly against the trend in EM. The outlook for Turkey continues to darken with deeper negative real yields and delayed FX passthrough from Oct/Nov supporting expectations for a surge in CPI through 1Q22 - compounding risks to lira volatility and unconventional monetary policy in the near to medium-term.


Full Preview Here:https://marketnews.com/mni-cbrt-preview-december-2...


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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