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MNI CBRT WATCH: Rates On Hold, Sees Expectations Upside Risk

CBRT confirms expectations, with 1 week repo rate held at 50%

MNI (LONDON) - The Central Bank of the Republic of Turkey held key interest rates at 50% on Thursday, as expected, with “no discernable change” in underlying inflation trends in August and with inflation expectations and pricing behaviour continuing to pose risks to the disinflation process. (See MNI EM WATCH: CBRT To Hold Steady, Look For Further Progress)

Domestic demand continued to slow in Q3, and is having a weaker impact on inflation, the Bank said in a statement, while core goods inflation remains low “despite a slight uptick.”

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MNI (LONDON) - The Central Bank of the Republic of Turkey held key interest rates at 50% on Thursday, as expected, with “no discernable change” in underlying inflation trends in August and with inflation expectations and pricing behaviour continuing to pose risks to the disinflation process. (See MNI EM WATCH: CBRT To Hold Steady, Look For Further Progress)

Domestic demand continued to slow in Q3, and is having a weaker impact on inflation, the Bank said in a statement, while core goods inflation remains low “despite a slight uptick.”

Keep reading...Show less