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Published on Thursday, September 12, 2019 | Updated on Tuesday, October 15, 2019

Turkey | The last bold cut… now time for fine tuning

The Central Bank of Turkey (CBRT) reduced the policy rate by 325 bps from 19.75% to 16.50%. The movement was higher than expected (Consensus 275 bps) but the reaction of financial markets to today´s decision was positive as the CBRT justified the movement with a faster than expected disinflation in the statement.

Key points

  • Key points:
  • The Central Bank cut the official interest rate strongly again.
  • From now on, the policy adjustment would be more gradual and depending on the evolution of inflation.

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