Turkey: The CBRT tightens but lower than expected
Publicada el jueves, 14 de diciembre de 2017 | Actualizada el miércoles, 3 de enero de 2018
Turkey: The CBRT tightens but lower than expected
The CBRT hiked the recent de-facto policy rate (late liquidity window, LLW) by only 50bps to 12.75%, disappointing the market call between 75-100bps and our call of 125bps in the average funding rate. The incoming inflation data will be the key input to know whether the CBRT opted today for a gradualist approach or just a wait-and-see attitude.
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