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The Central Bank of the Republic of Turkey...>

TURKEY
TURKEY: The Central Bank of the Republic of Turkey (CBRT) is expected to keep
the one-week repo rate at 24.00 today (1100GMT), in-line with consensus.
November CPI came in much lower-than-expected signalling inflation could well
have peaked and gives the central bank some breathing room. RBC note, given the
market's recent uneasiness about the risk of the CBRT easing prematurely in
2019, a no change decision may lend some support to TRY. The CBRT announced last
week it will continue to effectively use all policy instruments at hand to
maintain price stability in 2019, according to its new fiscal policy. Despite
the local currency appreciating against the dollar in Q4, it's still registering
losses of 29.32% y/y. USDTRY last Try5.3765. 

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