Free Trial

MNI CBRT Preview: December 2023

TURKEY
  • Further tightening from the CBRT is expected this week, with the benchmark one-week repo rate widely expected to be raised by 250bps to 42.50%, marking a slowdown in pace from the 500bp moves in November, October and September and 750bps in August.
  • Given that inflation is still running above 60% Y/Y, additional tightening may still be required, though recent central bank communication has signalled that the end of the tightening cycle is nearing.
  • Of the sell-side views we have previewed in this document, all are expecting a 250bp hike.

See the full MNI preview, with a summary of sell-side analyst views, here.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.