CBRT spooks markets by dropping tightening wording

The Central Bank of the Republic of Turkey

The Central Bank of the Republic of Turkey spooked markets today (April 25) despite holding rates, as it appeared to take the possibility of a future rate hike off the table.

The CBRT held its policy rate at 24%, as was widely expected. But it cut a phrase from its statement raising the prospect of additional rate hikes. In March, it had said: “If needed, further monetary tightening will be delivered”.

“The committee has decided to maintain the tight monetary policy stance until inflation

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: