Economics
Turkey Central Banker Faces Credibility Test: Decision Day Guide
- Median forecast for an increase of 150 basis points to 16.5%
- Some see tightening after Agbal’s first rates move symbolic
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Turkish central bank Governor Naci Agbal will have to deliver another meaty interest rate hike on Thursday to fully recover monetary policy credibility with investors.
All respondents in a Bloomberg survey of 25 economists expect the Monetary Policy Committee to raise its benchmark one-week repo rate, with the median forecast for an increase of 150 basis points to 16.5%.