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
Erdogan_turkish lira_1804

Image via World Economic Forum Amid the Easter celebrations on Sunday, investors were keeping a close watch on the unfolding events from Turkey as the nation went to polls on constitutional reforms. The event marked a turning point in the history of the country. President Recep Tayyip Erdogan's bid to push for constitutional reforms to give th...

2017-04-18 John Benjamin Read more
Erdogan_Turkish referendum_1304

Recep Tayyip Erdoğan, President of Turkey Focus Shifts Away from Europe & US While focus over the last year has mainly been on political events happening in Europe and America, there are important political events happening elsewhere that also require investor attention. One such event is the upcoming constitutional reform referendum b...

2017-04-13 James Harte Read more
CBRT_TRY_volatility

Pressure Builds On TRY The Turkish Lira (TRY) has been one of the worst-performing Emerging Market currencies over the last several months, even underperforming the Mexican Peso. Given the level of the decline, the market is increasingly expecting the Central Bank of the Republic of Turkey (CBRT) action, leading to a potential reversal in TRY d...

2017-01-24 James Harte Read more