LONDON, March 8 (Reuters) – Citi and JPMorgan (NYSE 🙂 expect an increase of up to 100 basis points in the policy rate in March to keep the inflation pressures of the Central Bank (CBRT) under control.
According to the major economies interest rates in Turkey, although at the highest level, last week announced that inflation in February% Based on 15 of the last 2019 further increased that their expectations emerged of the then interest rate rise to levels seen in the middle. He said that he expects the CBRT to raise an additional 50 to 100 basis points at the Monetary Policy Committee meeting on March 18.
JPMorgan said in a note released today that the February CPI “surprise” led to the expectation of a 100-base increase in interest rates in March.
Morgan Stanley James Lord from (NYSE 🙂 had previously pointed out that he expects the CBRT to increase the interest rate by 100 points and that this rate increase may help the TL to stabilize.
The TL is losing more than 2% against the dollar today. TL lost value in 10 of the last 11 days.
By: Tom Arnold
Translated by: Canan Sevgili
Editorial: Nevzat Devranoğlu
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