“We expect the Central Bank of the Republic of Turkey (CBRT) to keep its policy rate – the weekly repo rate – unchanged at 24.0% at its 6 March Monetary Policy Committee (MPC) meeting,” argues Standard Chartered economist Carla Slim. Key quotes “A more benign global backdrop, with the Fed signalling patience in tightening monetary policy, will give Turkey room to give greater weight to domestic factors – such as the business cycle – instead of global developments, in monetary policy decisions.” “We think the CBRT will look to cut rates in 2019, likely around the July MPC meeting, contingent on conducive conditions which could include: (1) a sustained drop in inflation supported by relative TRY stability, cooling food inflation and base effects in H2; (2) a sustained improvement in the current account balance, which posted surpluses from August until November, then swung back into deficit in December; and (3) a sustained improvement in the financial account, which only returned to a surplus in November on the return of portfolio inflows to debt securities.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Technical Analysis: Yellow Metal drops to 9-day’s lows FX Street 4 years "We expect the Central Bank of the Republic of Turkey (CBRT) to keep its policy rate - the weekly repo rate - unchanged at 24.0% at its 6 March Monetary Policy Committee (MPC) meeting," argues Standard Chartered economist Carla Slim. Key quotes "A more benign global backdrop, with the Fed signalling patience in tightening monetary policy, will give Turkey room to give greater weight to domestic factors - such as the business cycle - instead of global developments, in monetary policy decisions." "We think the CBRT will look to cut rates in 2019, likely around the July MPC meeting, contingent… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
