BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TURKEY: Karahan Sticks to Script in First Post-Meeting Comments

TURKEY
BulletEM BulletEmerging Market News
  • Following yesterday's rate decision, CBRT governor Karahan spoke this morning, reiterating the sentiment in yesterday's policy statement that inflation is expected to show a sustained decline, and that tight policy needs to be maintained. He sees the banking sector as being the main benefactor of the tightening phase, with high levels of profitability maintained despite high inflation. 
  • Ekonomi write on potential future tax reform legislation, debating higher tax levels for home owners. The piece expects a higher tax burden on those looking to either sell or rent their homes in the future. 
  • Karahan is set to appear again later today in Istanbul at 2pm local time (1200BST), with Erdogan also set to make an appearance at 2.30pm (1230BST). 
118 words

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.
  • Following yesterday's rate decision, CBRT governor Karahan spoke this morning, reiterating the sentiment in yesterday's policy statement that inflation is expected to show a sustained decline, and that tight policy needs to be maintained. He sees the banking sector as being the main benefactor of the tightening phase, with high levels of profitability maintained despite high inflation. 
  • Ekonomi write on potential future tax reform legislation, debating higher tax levels for home owners. The piece expects a higher tax burden on those looking to either sell or rent their homes in the future. 
  • Karahan is set to appear again later today in Istanbul at 2pm local time (1200BST), with Erdogan also set to make an appearance at 2.30pm (1230BST).