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MNI CBRT WATCH: Policy To Hold As Monthly Inflation Ticks Up

Central Bank of the Republic of Turkey will decide on rates Thursday.

MNI (LONDON) - The Central Bank of the Republic of Turkey is expected to keep its one-week repo rate on hold at 50% when it meets on Thursday, with September’s +2.97% monthly inflation print highlighting the ongoing search for a “significant and sustained” decline in underlying price pressures. (MNI EM CBRTWATCH: Rates On Hold, Sees Expectations Upside Risk)

The CBRT dropped an explicit reference to being ready to tighten the monetary policy stance “in case a significant and persistent deterioration in inflation is foreseen,” from its September statement, prompting speculation that easing could begin as early as November this year. 

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MNI (LONDON) - The Central Bank of the Republic of Turkey is expected to keep its one-week repo rate on hold at 50% when it meets on Thursday, with September’s +2.97% monthly inflation print highlighting the ongoing search for a “significant and sustained” decline in underlying price pressures. (MNI EM CBRTWATCH: Rates On Hold, Sees Expectations Upside Risk)

The CBRT dropped an explicit reference to being ready to tighten the monetary policy stance “in case a significant and persistent deterioration in inflation is foreseen,” from its September statement, prompting speculation that easing could begin as early as November this year. 

Keep reading...Show less