Turkey: TCMB to keep its benchmark repo rate at 8.00% - Danske Bank

Analysts at Danske Bank suggests that it’s a rate decision in Turkey today as the Turkey's central bank (TCMB) is due to announce its monetary policy decision.

Key Quotes

“We expect the TCMB to keep its benchmark repo rate at 8.00%, avoiding extra pressure on the banking and corporate sector as TRY has stabilised. Yet, as inflation remains in the double-digit territory, we expect the late liquidity lending rate to be hiked by 25bp to 12.00%. Consensus median has the rate staying unchanged.”