CBRT Central Bank of Republic of Turkey

Rates Unchanged At its latest rates setting meeting this week, the Central Bank of Republic of Turkey kept rates unchanged as expected, though the market was taken by surprise as the CBRT announces new monetary policy framework. At its May meeting the CBRT announced it was simplifying its monetary policy framework where its highly asymmetric co...

2018-05-29 James Harte Read more
TRY depreciation_1201

Significant TRY Depreciation The Turkish Lira has weakened dramatically over the last few weeks moving over 8% lower against the US Dollar over the last month. TRY has been deteriorating over the last few months, however, even by historical standards the recent moves are large and also concerning because they are occurring whilst: Domest...

2017-01-12 James Harte Read more