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 […]
Thursday seems to be the highlight of the week. On top of global events today, we also have a Central Bank of Turkey meeting and important speakers in Hungary, ING’s FX analyst Frantisek Taborsky notes. Market expectations of a first cut shift to December/January “First thing this morning there is a local conference in Budapest […]
