Türkiye: Exceptionally dovish monetary policy to persist – Standard Chartered

Economists at Standard Chartered expect the Central Bank of the Republic of Türkiye (CBRT) to further cut the one-week repo rate to 9.0% on 24 November.

Easing cycle to continue amid rising risks

“We expect the CBRT to cut its weekly repo rate by a further 150 bps to 9.0% at its 24 November meeting.”

“We now expect the CBRT to cut the one-week repo rate by another 250 bps by end-2022 to 8.0% (10.0% prior).” 

See: USDTRY to leapfrog to 27 or higher before emergency hikes stabilize the Lira – TDS