Turkey: CBRT will almost certainly cut rates - TDS
|Cristian Maggio, head of emerging markets strategy at TD Securities, suggests that in Turkey, the CBRT will almost certainly cut rates on 25 July.
Key Quotes
“We expect -350bps, with the repo and WACF falling by that amount.”
“We also expect the corridor to be adjusted symmetrically lower, with a slightly higher margin of flexibility around the level of the LLW rate. We also expect further quantitative easing through the loosening of RRRs and ROCs.”
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