Research Team

MPC expects inflation to slow down to average of 7.3% in 2024. Risks to outlook include higher oil prices and electricity tariffs, adverse weather, supply chain disruptions. GDP growth is seen to rebound gradually to 3.5% this year, 3.9% in 2024. MPC...

Easing is driven by the cut in January fuel prices. We expect fuel prices to cut another 0.1ppt from headline CPI in February. Food prices rose at a faster pace in February and remain a risk on the outlook.

Court finds mechanism to be in line with EU Treaty, with powers conferred on EU. Genuine link mush be established between rule of law breaches and risk for EU budget, Court says. Potential launch of mechanism might not influence election results in H...

Ziraat's capital to rise to TRY 34.9bn, entire capital increase to be paid in cash. Ziraat's net profit falls by 19.6% to TRY 6.3bn in 2021.

Next MPC meeting: Mar 16, 2022. Current policy rate: 10.75%. EmergingMarketWatch forecast: 125-bp hike (to 12.00%).

MPC matches consensus for third straight sitting, hikes by 50bps for third sitting in row. Post-sitting statement to be published at 16:00 CET. Glapinski to hold his presser on Wed. at 15:00 CET.