Morning Note /
Turkey

Turkey: Market participants expect the MPC decision today

  • It doesn't matter whether there is a 100bps cut or if it stays on hold, as real TL rates are deep in negative territory

  • If low rates were the answer to salvation, we should have cut to 10% back in September

  • Questions about banks' CAR with ever depreciating Lira are natural these days

Batuhan Ozsahin
ATA Invest
16 December 2021
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