Economics
Turkey Set for Rate Pause After Serial Hikes: Decision Day Guide
- Analysts in survey expect no change from central bank Thursday
- Governor counts on credibility boost from two straight hikes
This article is for subscribers only.
Turkey’s central bank is set to leave its benchmark interest rate unchanged at the first monetary policy meeting of the year, after two consecutive interest-rate hikes bolstered its inflation-fighting credentials.
All but six respondents in a Bloomberg survey of 29 analysts expect the central bank to keep the one-week repo policy rate at 17% on Thursday. The dissenters, including economists at Morgan Stanley and Societe Generale SA, predict an increase of 50-to-100 basis points.