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23-07-20
In Turkey foreign economists anticipate no cut in policy rate
(MENAFN) On Wednesday July 22 foreign economists affirmed that the Turkish Central Bank will depart the policy rate unaffected.
On Thursday July 23 the Monetary Policy Committee (MPC) will hold a conference on for shaping the bank's resolution on interest rates.
Piotr Matys a strategist at Dutch-based Rabobank stated that "A pause in the easing cycle will allow the central bank to properly assess what factors influenced consumer prices over the last few months and whether their impact will be short-lived or will last longer,".
Matys stated that it is also premature to declare whether the easing cycle is over as the central bank maintains to say that price rises will slow down in the second half of the year and will descend further in 2021 towards the executive goal.
MENAFN2307202000450000ID1100531999
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