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The policy impulse and the resilience of the economy resulted in strong growth dynamics. Inflation will remain high during most of the year on inertia, robust domestic demand and lagged effects of exchange rate depreciation. The CBRT will maintain the tight stance, while fiscal policy will likely remain accommodative in 201…
Global recovery proceeds at a stable pace. Moreover, thanks to the Credit Guarantee Fund, Turkish economy continues to grow above potential, which leads us to upgrade our 2017 GDP growth estimate by 1pp to 6%. Additionally, higher momentum in economic activity and ongoing exchange rate pass-through especially from euro resu…
GDP growth continues in moderate pace. Food inflation keeps the headline high but it will ease somehow in summer. CBT continues to fund mostly on LLW, keeping the average funding just below 12%.
