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TURKEY: MNI CBRT Review – September 2024

TURKEY
  • The CBRT left its one-week repo rate unchanged at 50%, in-line with unanimous consensus.
  • However, the Bank removed explicit reference to the potential for further rate hikes, providing a dovish tilt to the policy statement.
  • Some analysts see rate cuts beginning as early as November, while others expect rates to remain unchanged for the remainder of this year.

See the full review, with a summary of sell-side analyst views, here.

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  • The CBRT left its one-week repo rate unchanged at 50%, in-line with unanimous consensus.
  • However, the Bank removed explicit reference to the potential for further rate hikes, providing a dovish tilt to the policy statement.
  • Some analysts see rate cuts beginning as early as November, while others expect rates to remain unchanged for the remainder of this year.

See the full review, with a summary of sell-side analyst views, here.