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TURKEY: CBRT Expected to Remain on Hold, Alternate Policy Tools Eyed

TURKEY
  • The CBRT is widely expected to keep its one-week repo rate unchanged at 50%, though the Bank is also expected to make further adjustments to its macroprudential toolkit moving forward in order to manage liquidity and supplement its rate pauses moving forward. Among sell-side, some analysts see rate cuts commencing by year-end. The rate decision will be announced at 12:00BST/14:00 local time.
  • See our full preview of the decision, with a summary of sell-side analyst views, here.
  • Meanwhile, Turkey's adjusted consumer confidence fell to 75.9 in July from 78.3 in June, according to the Turkish Statistical Institute. That marks the lowest for the series since November 2023.

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