Turkey: CBRT likely to hold before two Q4 rate cuts
4 Articles
4 Articles
Turkey: CBRT likely to hold before two Q4 rate cuts
ING’s Muhammet Mercan notes the Central Bank of the Republic of Türkiye (CBRT) has normalised liquidity via weekly repo auctions, bringing effective funding costs down to the 37% policy rate. ING expects the CBRT to hold rates at the September meeting, then deliver two 100bp cuts to 35% in the fourth quarter, with further Gulf […]
The Central Bank of the Republic of Turkey (TCMB) Monetary Policy Committee (MPC) has announced the date for the September interest rate decision. In its July decision, the TCMB Monetary Policy Committee decided to keep the policy interest rate at 37 percent. So, what are the expectations for this month?
The median expectation that the Central Bank of the Republic of Turkey (TCMB) will keep the policy interest rate unchanged at 37.00 percent at its September meeting remains unchanged. However, compared to the first survey, those expecting an interest rate cut...
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