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16 Mar 2015
No further surprises from the CBRT tomorrow – TDS
FXStreet (Edinburgh) - The research team at TD Securities expects the Turkish central bank (CBRT) to refrain from easing further in tomorrow’s meeting.
Key Quotes
“The move up in the headline inflation rate in February will make the CBRT cautious, even though it is expected to resume its downwards trend from the March reading onwards”.
“As important as the rate decision itself is whether the politicians keep quiet after the announcement or whether we get the usual barrage of criticisms of the CBRT”.
“Silence from the politicians could imply that peace really has broken out between Erdogan and Basci and would be positive for the Turkish lira, but we remain sceptical”.
Key Quotes
“The move up in the headline inflation rate in February will make the CBRT cautious, even though it is expected to resume its downwards trend from the March reading onwards”.
“As important as the rate decision itself is whether the politicians keep quiet after the announcement or whether we get the usual barrage of criticisms of the CBRT”.
“Silence from the politicians could imply that peace really has broken out between Erdogan and Basci and would be positive for the Turkish lira, but we remain sceptical”.