Deutsche Bank Shared Its Expectations From The CBRT

Deutsche Bank shared its expectations from the CBRT. Deutsche predicted that the interest will be fixed at this meeting.

Deutsche Bank estimates that the Central Bank of the Republic of Turkey (CBRT) will leave the interest rate unchanged at its Monetary Policy Committee meeting this week. Publishing a research report, Deutsche Bank stated at the Monetary Policy Board meeting of the Central Bank of the Republic of Turkey (CBRT) to be held this week, although the board is more dovish than the previous board, it will keep the policy rate constant at 19 percent. Deutsche Bank analysts stated that the orthodox messages given by CBRT Governor Şahap Kavcıoğlu had an effect on this view, and stated that this is not their basic scenario and that they expect a negative market reaction in the event of an earlier than expected monetary expansion step. Deutsche Bank pointed out that they expect headline inflation to realize at 17.5 percent in May due to the weakening of the Turkish Lira, and stated that the CPI may hover around 17 percent until October.