Hopeful Wait for Disinflation Continues

TURKEY - Report 23 Jul 2015 by Murat Ucer
The Monetary Policy Committee left all key short-term rates unchanged as expected today – one-week repo rate at 7.5% and the O/N lending and borrowing rates at 10.75% and 7.25%, respectively (see chart). The content of the statement is exactly the same with the previous one except for one minor modification on food prices (amended by energy prices). Specifically, the following sentence in the previous statement: “Inflation is expected to decline in the short term owing to a partial correction in food prices”, has now been replaced by “food and energy price developments affect inflation favo...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.