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MNI CBRT Preview - June 2021: Kavcioglu Eyes Market Stabiliser

TURKEY

17/06/21 - 1200BST/1300CEST/0700ET


POV: CBRT Seen Unmoved at 19.00%, Kavcioglu Eyes Market Stabiliser


The CBRT is broadly expected to leave its key rate unchanged at 19.00% this week, despite a surprising, but substantial, moderation in price pressures in May. Governor Kavcioglu will look to deliver a market stabiliser to offset dovish Erdogan comments alluding to premature rate cuts - reiterating the bank's commitment to above-inflation interest rates while cautiously accentuating a more constructive near-term inflation outlook.


Full Preview Here:

CBRT Preview 17.06.21.pdf

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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