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MNI CBRT Review - July 2023: Another Below Consensus Hike

MNI CBRT Review - July 2023

MNI CBRT Review - July 2023

Executive Summary:

  • The CBRT delivered a below-consensus rate hike of 250bps, taking the one-week repo rate to 17.5%.
  • The accompanying statement said that in addition to increasing in the policy rate, decisions on quantitative tightening and selective credit tightening were made to support the monetary policy stance.
  • USD/TRY was little changed on the decision.

Click to view the full review:

CBRT Review July 2023.pdf


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