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TURKEY: CBRT Seen Holding Rates Steady, Additional Measures Eyed

TURKEY
  • The CBRT is widely expected to keep its one-week repo rate unchanged at 50% next Thursday having reached the peak of its rate-hiking cycle back in March. 
  • Nevertheless, further adjustments to the central bank’s policy toolkit may be forthcoming – namely through its through its policies to govern credit growth rates and reserve requirements. Among sell-side, potential are cuts are seen towards the end of the year with the inflation peak now behind us.
  • Our full preview of the decision will be released next week.

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