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MNI CBRT Preview - September 2021: CBRT Likely on Hold at 19%, TRY-way to the Danger Zone

TURKEY

23/09/21 - 1200BST/1300CEST/0700ET


The CBRT is broadly expected to keep its One-Week Repo unchanged at 19% this week, amid brewing concerns that the recent shift towards core CPI will trigger a premature easing cycle. While some analysts anticipate a 50bps cut as early as this meeting, our base case sees November-December as a more likely starting point as more favourable base effects weigh on CPI metrics.


Full Preview Here:

CBRT Preview 23.09.21.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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