TURKEY: MNI CBRT Review: November 2024
Nov-21 16:08
- The CBRT’s decision to keep the one-week repo rate on hold at 50% was in-line with unanimous consensus, however, slight tweaks to the Bank’s forward guidance have potentially geared policymakers towards a rate cut at the December meeting.
- While the overall hawkish tone of the statement was maintained, a new piece of guidance added this month implies that policy can remain restrictive even if rates are reduced.
- Sell-side views over the timing of the first rate cut are still mixed, but most flag the possibility of an easing step next month.
See the full review, with a summary of sell-side analyst views, here.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
ITALY AUCTION PREVIEW: On offer Friday
Oct-22 16:06
MEF has announced it will be looking to offer the following at its auction this Friday, October 25:
- E2.0-2.5bln of the 3.10% Aug-26 BTP Short Term (ISIN: IT0005607269)
- E0.75-1.0bln of the 0.40% May-30 BTPei (ISIN: IT0005387052)
- E1.25-1.5bln of the 1.80% May-36 BTPei (ISIN: IT0005588881)
US TSYS: US TSY TO SELL $64.000 BLN 17W BILL OCT 23, SETTLE OCT 29
Oct-22 16:05
- US TSY TO SELL $64.000 BLN 17W BILL OCT 23, SETTLE OCT 29
US TSYS: US TSY TO SELL $95.000 BLN 4W BILL OCT 24, SETTLE OCT 29
Oct-22 16:05
- US TSY TO SELL $95.000 BLN 4W BILL OCT 24, SETTLE OCT 29
