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TURKEY

20/01/22 – 1100GMT/1200CEST/0600ET


The CBRT is broadly expected to leave its one-week repo unchanged at 14% this week after December’s forward guidance stipulated that the limited room for easing had been completely used up. Policy is expected to become more complicated in the near-term with CPI set to surge above 50% by 2H22, adding pressure on officials to deliver more forceful non-standard measures to re-anchor prices in the absence of rate hikes.


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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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