OctaFX | OctaFX Forex Broker
Open trading account
Back

Turkey: No change of rates from CBRT – TDS

Analysts at TD Securities note that the CBRT cut the repo rate by 75bps today and was in line with the consensus, but less than our forecast of -150bps.

Key Quotes

“Going forward, the continued weakening of carry makes it hard to foresee a stronger, or even just stable, lira. TRY weakness seems a more likely outcome.”

“With high inflation, and weaker currency, we think that the CBRT will ultimately be forced to hike rates later this year.”

South Africa SARB Interest Rate Decision came in at 6.25% below forecasts (6.5%)

South Africa SARB Interest Rate Decision came in at 6.25% below forecasts (6.5%)
Read more Previous

US-China challenges will continue – Nordea

Tuuli Koivu, analyst at Nordea Markets, suggest that although the main emphasis of the US-China agreement is on increasing quickly exports from the US
Read more Next
Start livechat