USDTRY Drops as Turkey Keeps Rates Unchanged, Easing Cycle Expected to Begin Soon
USDTRY Drops as Turkey Keeps Rates Unchanged, Easing Cycle Expected to Begin Soon Key Talking Points: Rates to remain stable until inflation falls Markets still expect an easing cycle in the next few months Turkey’s Central Bank has left rates unchanged at 19% for a second month in a row, as expected by many analysts. The CBRT has kept monetary policy stable in an attempt to keep rates above inflation in an attempt to maintain a strong disinflationary effect until strong indicators point to a permanent fall in inflation Turkish inflation accelerated for a seventh month in April, spurred on...
Source: dailyfx.com