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VTB CAPITAL: PREMATURE TURKEY CUT OF...>

TURKISH LIRA
TURKISH LIRA: VTB CAPITAL: PREMATURE TURKEY CUT OF OVER 200BP MAY BE
NEGATIVE-BBG
This is something that will be in focus with investors/market participants.
Since the Inflation data yesterday, speculation on the timing for Turkey next
rate cut, is now at the forefront.
Next CBRT meeting will be on 25/07. Before the meeting, on the data front, we
get Current Account Balance (11/07), Industrial Production MoM & Unemployment
(12/07)

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