Analysts at TD Securities are expecting the CBRT to cut the 1w repo rate (and so the WACF) by 250bps at today meeting. Key Quotes “This is more than the Bloomberg consensus expectation for 100bps and slightly more than what we think is priced in (somewhere between 150-200bps). While we think the prudent approach would suggest holding, we think the MPC is under political pressure to cut.” “We do however recognise that everything between 100-250bps is equally likely. If we see a cut south of 125bps, we expect USDTRY to move lower (similar to the September meeting) and to move higher if the cut is bigger than 150bps.” 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 ECB: Draghi’s last Governing Council meeting – Deutsche Bank FX Street 3 years Analysts at TD Securities are expecting the CBRT to cut the 1w repo rate (and so the WACF) by 250bps at today meeting. Key Quotes "This is more than the Bloomberg consensus expectation for 100bps and slightly more than what we think is priced in (somewhere between 150-200bps). While we think the prudent approach would suggest holding, we think the MPC is under political pressure to cut." "We do however recognise that everything between 100-250bps is equally likely. If we see a cut south of 125bps, we expect USDTRY to move lower (similar to the September meeting) and to move… 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.
