MPC Preview: The good, the bad…and the minimalist

TURKEY - Report 23 Dec 2020 by Murat Ucer

The CBRT/MPC will hold arguably the most crucial rate-setting meeting of recent times tomorrow (December 24). Various polls point to a consensus of around 150 bps hike of the policy rate (median), with estimates ranging between 75-200 bps. What do we expect? The title above sums up the three possibilities, broadly speaking.

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