MNI CBRT Review - Apr 2025: Hike Step Undoes YTD Easing
Apr-17 11:36By: Edward Hardy
Turkey
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Executive Summary:
- CBRT reverse YTD easing with a 350bps rate rise to the benchmark one-week repo rate
- In tandem, the bank raised their overnight borrowing and lending rates, making clear that financial and market stability are a policy priority for the central bank
- Several factors call for further hikes or, at least, no easing in the medium-term
