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The CBRT’s latest policy update is due on Thursday. Economists at MUFG Bank analyze TRY outlook.
It will be the first policy meeting under new Governor Erkan, and there are high expectations that it will provide another important step away from unconventional policy settings in Turkey.
The CBRT is expected to deliver a significant rate hike. There is a wide range of estimates for the policy rate on Bloomberg ranging between 14.00% and 40.00%. The larger the hike, the more effective it will be at restoring policy credibility although we still expect the TRY to weaken further as it is allowed to adjust more freely to competitive levels.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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