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Published on Thursday, April 26, 2018 | Updated on Thursday, April 26, 2018

Turkey | The CBRT raises rates by 75 bps

The Central Bank (CBRT) hiked its de-facto policy rate (late liquidity window, LLW) by 75 bps to 13.50%, in line with our expectation but slightly higher than the median market call, 50 bps. At two digits inflation, anti-inflationary policies should be at the forefront of economic strategies in a comprehensive way, including further tightening if needed.