- Analytics
- News and Tools
- Market News
- CBRT to adopt a neutral-to-hawkish monetary policy stance to address renewed TRY weakness – Standard Chartered
CBRT to adopt a neutral-to-hawkish monetary policy stance to address renewed TRY weakness – Standard Chartered
Economists at Standard Chartered expect the Central Bank of the Republic of Türkiye (CBRT) to raise policy rate by 400 bps at its 20 July meeting.
CBRT to continue monetary tightening in July
We now expect the CBRT to raise its one-week repo rate by 400 bps to 19.0% on 20 July, having previously put our forecast under review.
Despite some signs of economic slowdown, we expect the central bank to gradually adopt a neutral-to-hawkish monetary policy stance to address renewed Turkish Lira (TRY) weakness, a widening current account deficit and underlying price pressures.
The new central bank leadership has committed to achieving lower trend inflation and a significant improvement in the inflation outlook. Nevertheless, price pressure is likely to remain, with risks tilted to the upside, given elevated inflation expectations, ongoing currency weakness and a wider fiscal deficit.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
