Central Bank of the Republic of Turkey announced its latest monetary policy decision at 12:00 pm BST today. CBRT was expected to keep rates unchanged, with the one-week repo rate staying at 50.00%. However, the Bank was also expected to hold rates unchanged at the previous meeting, but instead surprised with a 500 basis point rate hike, so nothing could be ruled out before today's decision.
This time there was no surprise with CBRT leaving rates unchanged, in-line with market expectations. Nevertheless, central bank said that inflationary pressures remain. However, CBRT said that it expects disinflation is expected in the second half of the year.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appAs the decision was in-line with expectations, no major market reaction could be spotted afterward. Turkish lira ticked lower, although the scale of the move was very small.
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
