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TURKEY: CBRT Publish Summary of May MPC Meeting

TURKEY

Highlights from the CBRT's summary of its latest MPC meeting:

  • “Leading indicators point to a relatively flat course in the underlying trend of inflation in May”
  • “In the energy group, despite the fall in fuel prices in tandem with dropping international crude oil prices, a high monthly increase will be seen in May due to the expiry of the free use of 25 m3 natural gas.”

Familiar comments re. monetary policy:

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Highlights from the CBRT's summary of its latest MPC meeting:

  • “Leading indicators point to a relatively flat course in the underlying trend of inflation in May”
  • “In the energy group, despite the fall in fuel prices in tandem with dropping international crude oil prices, a high monthly increase will be seen in May due to the expiry of the free use of 25 m3 natural gas.”

Familiar comments re. monetary policy:

Keep reading...Show less