Türkiye: Exceptionally dovish monetary policy to persist – Standard Chartered
|Economists at Standard Chartered expect the Central Bank of the Republic of Türkiye (CBRT) to further cut the one-week repo rate to 9.0% on 24 November.
Easing cycle to continue amid rising risks
“We expect the CBRT to cut its weekly repo rate by a further 150 bps to 9.0% at its 24 November meeting.”
“We now expect the CBRT to cut the one-week repo rate by another 250 bps by end-2022 to 8.0% (10.0% prior).”
See: USDTRY to leapfrog to 27 or higher before emergency hikes stabilize the Lira – TDS
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