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TURKEY: MNI CBRT Preview – December 2024

TURKEY
BulletEM BulletEmerging Market News
  • There are mixed views over whether the CBRT will commence its easing cycle or keep the one-week repo rate unchanged at 50%, though risks appear skewed towards the former.
  • Dovish tweaks to the central bank’s language last month and insights from our EM Policy Team both point to a rate cut being delivered at the final meeting of the year.
  • As per the Bloomberg survey, 18 out of 22 analysts expect a rate cut to be delivered, with estimates ranging from a cut of as small as 150bps to as large as 300bps.

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

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  • There are mixed views over whether the CBRT will commence its easing cycle or keep the one-week repo rate unchanged at 50%, though risks appear skewed towards the former.
  • Dovish tweaks to the central bank’s language last month and insights from our EM Policy Team both point to a rate cut being delivered at the final meeting of the year.
  • As per the Bloomberg survey, 18 out of 22 analysts expect a rate cut to be delivered, with estimates ranging from a cut of as small as 150bps to as large as 300bps.

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