MPC: Back to Square One

TURKEY - Report 19 Jan 2016 by Murat Ucer

As expected, the Bank has left all interest rates unchanged today (Graph 1), most likely because of heightened volatility in global markets. As we had noted earlier, like in our last Tracker, regardless of what is meant by “simplification”, i.e. whether it is a cut of the O/N lending rate or the hike of the weekly repo (and O/N borrowing) rate, no action was the most likely outcome because of the tight relation the Bank had established between simplification on the one hand, and reduced volatility on the other.

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.