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Published on Wednesday, January 16, 2019 | Updated on Wednesday, January 16, 2019

Turkey | The CBRT stays tight with deeds and words

The Central Bank (CBRT) kept its policy rate (one-week repo, 24%) unchanged in line with expectations. We consider the decision as the right one as it supports the disinflation path and reinforces credibility. In our view, the CBRT should wait for June (when the recovery in inflation becomes more obvious) to start an easing cycle.

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