Morning Note /
Global

Turkey: We start the week in global risk-off mode

  • Despite many lessons from the past, the tendency to cut policy rates faster has always made Turkey pay a dear price

  • So we hope CBRT stays on hold and decides to cut with more secular signs of disinflation

  • BRSA reduced the maximum amount of instalments for general purpose loans(GPL) over TRY50K to 24 months from 36 months.

Batuhan Ozsahin
ATA Invest
20 September 2021
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