20 Mar 2015
Door open for a rate cut by CBRT? – BBH
FXStreet (Edinburgh) - The research team at BBH sees the likeliness of a rate cut by the CBRT in next week’s meeting.
Key Quotes
“The Turkish government has stopped verbally abusing the central bank, even as it refrained from cutting rates this week”.
“Basci met with Erdogan for an exchange of views and an economic briefing”.
“Government officials have quieted down recently, toning down their criticisms of the pace of rate cuts”.
“This upcoming week will be an important test, as the central bank meets. Consensus is steady rates at 7.5%, though a handful look for a 25 bp rate cut”.
“We think there is a chance of a dovish surprise, as part of a possible agreement by officials to stop openly criticizing the bank”.
Key Quotes
“The Turkish government has stopped verbally abusing the central bank, even as it refrained from cutting rates this week”.
“Basci met with Erdogan for an exchange of views and an economic briefing”.
“Government officials have quieted down recently, toning down their criticisms of the pace of rate cuts”.
“This upcoming week will be an important test, as the central bank meets. Consensus is steady rates at 7.5%, though a handful look for a 25 bp rate cut”.
“We think there is a chance of a dovish surprise, as part of a possible agreement by officials to stop openly criticizing the bank”.