The Central Bank of Turkey (CBT) is expected to leave rates unchanged at 50% today. The main focus will be on the central bankers’ tone and forward guidance for the first rate cut, ING’s Frantisek Taborsky notes. USD/TRY to trade at 35.000 at year-end “In the latest inflation assessment, while acknowledging slower-than-expected disinflation so […]
As expected, the Central Bank of Turkey (CBT) left rates unchanged at 50% and added a bit to its hawkish communication. The statement turned cautious as a result of increasing uncertainty surrounding the pace of inflation improvements. The CBT reiterated that its tight monetary stance would lead to a) a decline in the underlying trend of […]
