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Summary of CBRT Policy Meeting Provides Little New

TURKEY

Turkish central bank publishes the summary of their March 18th meeting (which took place two days prior to the removal of the governor of the central bank), but provides few new details:

  • Domestic demand, FX impact affecting the inflation outlook
  • Says it carried out front-loaded, strong extra tightening by raising rates 200bps
  • A tighter stance is a buffer against external vulnerabilities

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