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MNI CBRT Preview - February 2022: CBRT In Wait & See Mode as Inflation Skyrockets

TURKEY

17/02/22 - 1100GMT/1200CET/0600ET


  • CBRT is expected to leave its one-week repo unchanged at 14.00% - in line with the broad market consensus.
  • Authorities continue to favour the use of non-standard policy tools over rate hikes to keep FX volatility low, encourage de-dollarisation and support the rebuilding of reserves through tweaks to the FX-linked deposit scheme.
  • Policy is likely to become more challenging towards the start of 2H22 as inflation headwinds continue to amplify socio-political pressures on the ground ahead of 2023 elections
  • Full Preview Here: https://marketnews.com/mni-cbrt-preview-february-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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