MPC: Words vs. actions, redux

TURKEY - Report 21 Jan 2021 by Murat Ucer

At today’s meeting, the Monetary Policy Committee/CBRT left the policy rate unchanged, at 17%, in line with the consensus expectation (see chart). The Bank tried to balance this inaction with more “hawkish” amendments to the MPC statement, which, along with a stronger emphasis on the difficult inflation dynamics, explicitly included the phrases, “extended period” as well as “additional monetary tightening”, regarding the monetary policy stance.

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.