18 May 2015
Turkish central bank expected to remain ‘on hold’ this week – BBH
FXStreet (Edinburgh) - Market consensus sees the Turkish central bank (CBRT) keeping intact its monetary policy at this week’s meeting.
Key Quotes
“Turkey central bank meets Wednesday and is expected to keep rates steady at 7.5%”.
“Inflation was 7.9% y/y in April, but the firmer lira has taken some pressure off the bank to hike the policy rate”.
“It may not even have to hike some minor rates to support the currency, as it’s done in the past”.
“With June elections looming, we think the central bank will most likely keep rates steady”.
“Political uncertainty is picking up ahead of June elections, as latest poll shows AKP support falling to 38.2% from 43% at the end of April”.
Key Quotes
“Turkey central bank meets Wednesday and is expected to keep rates steady at 7.5%”.
“Inflation was 7.9% y/y in April, but the firmer lira has taken some pressure off the bank to hike the policy rate”.
“It may not even have to hike some minor rates to support the currency, as it’s done in the past”.
“With June elections looming, we think the central bank will most likely keep rates steady”.
“Political uncertainty is picking up ahead of June elections, as latest poll shows AKP support falling to 38.2% from 43% at the end of April”.