30 Mar 2015
Another rate cut in Turkey? – TDS
FXStreet (Edinburgh) - In light of the upcoming releases of the CPI figures in the Turkish economy, strategists at TD Securities believe the CBRT could cut the repo rate by 25 bp.
Key Quotes
“In Turkey, the headline Y/Y rate is expected to resume its downward trend after the rise in February”.
“We think that this combined with the expected fall in core inflation will be enough for the CBRT to justify a cut of 25bp in the repo rate at the next MPC meeting on 22 April”.
Key Quotes
“In Turkey, the headline Y/Y rate is expected to resume its downward trend after the rise in February”.
“We think that this combined with the expected fall in core inflation will be enough for the CBRT to justify a cut of 25bp in the repo rate at the next MPC meeting on 22 April”.