Free Trial

Turkey Doesn’t Have to Raise Rates Just Because Others Do: CBRT

TURKEY
  • Turkish central bank does not have to increase interest rates just because other central banks are doing so, Governor Sahap Kavcioglu says in Inflation Report meeting in Ankara.
    • Path on inflation roadmap shows that inflation will start slowing down as of May
    • Turkey’s FX reserves are adequate against possible shocks
    • Except a few, no country in the world offers real interest
    • Kavcioglu says the bank aims to continue selective loan approach to support investments, jobs without creating quantitative easing
      • “We have seen in the past that rate hikes don’t help on these issues”
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.