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MNI CBRT Preview: Rates Seen Unchanged at 17%, Jan CPI Overshoot Risks 50bp Hike

TURKEY
  • 18/02/21 - 1100GMT/0600ET

The CBRT is expected to keep rates unchanged this week, despite persistent CPI overshoots raising risks of further policy tightening. Agbal is expected to reiterate transience and near-term balance in prevailing price pressures, offsetting the immediate need for hikes to the 1w repo, but reassert a willingness to tighten if necessary.

CBRT 18 Feb 21.pdf


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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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