Turkish Lira: CBRT maintains cautious easing stance - Commerzbank
Tatha Ghose at Commerzbank reports that Turkey’s Central Bank of the Republic of Türkiye (CBRT) cut its one-week repo rate by 100bp to 36.0%, alongside similar moves in overnight rates.
The Central Bank of the Republic of Türkiye (CBRT) maintained a cautious easing stance for Turkey's economy, as reported by Commerzbank's Tatha Ghose. The CBRT reduced its one-week repo rate by 100 basis points to 36.0% and overnight rates by the same margin. Despite a higher risk of inflation from rising oil prices, the bank perceives indicators confirming disinflation, allowing for meeting-by-meeting flexibility without altering its overall easing trajectory. Commerzbank anticipates USD/TRY to reach 52.0 by year-end.
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