body {overflow: hidden;} .js-needed-message {position: fixed; z-index: 999; width: 100%; height: 100%; background-color: rgba(0, 0, 0, 0.5); } .js-needed-message p {color: #444; width: 50%; padding: 30px; position: relative; top: 40%; left: 25%; pointer-events: auto; background-color: #fff; background-clip: padding-box; border: 1px solid rgba(0, 0, 0, 0.2); border-radius: 0.3rem; outline: 0; }

Enable JavaScript in your browser to view this website correctly.

Close panel

EN
ES

Compartir RRSS Cerrar RRSS

Published on Tuesday, July 24, 2018

Turkey | The CBRT stays on hold & Lira depreciates

The Central Bank (CBRT) decided to maintain the policy rate unchanged (17.75%) despite the market expectations (including ours) of 100 bps tightening. We expect the CBRT will have to tight later, maybe tighter depending on the degree of fiscal consolidation and currency volatility.

Documents to download

Report (PDF)

Policy-Pulse-_Monetary-Policy_Jul2018 English July 24, 2018
- Copy link

Authors

Adem IleriBBVA Research - Principal Economist
Serkan Kocabas
Alvaro OrtizBBVA Research - Head of Analysis with Big Data

Geographies

Geography Tags
Türkiye

Topics

Topic Tags
Global Economy

Tags

Was this information useful?

Comments

Be the first to add a comment.

You may also be interested in