Hope for the best, prepare for the best

TURKEY - Report 17 Feb 2022 by Murat Ucer

The CBRT/MPC kept the policy rate unchanged at 14% (simple), as expected. There is little change in the statement (link here), other than a stronger emphasis on the “liraization” strategy, introduced earlier, and a new sentence on the “significance” of “extending long-term Turkish lira investment credit” in achieving current account surpluses.

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