Deutsche Bank comments on the change at the CBRT!
Strategists at the German bank Deutsche Bank have evaluated the change in the presidency of the Central Bank of the Republic of Turkey (CBRT). The bank's analysis stated that the change in leadership and rising inflation have created room for further interest rate hikes.
German bank Deutsche Bank has evaluated the change in the presidency of the Central Bank of the Republic of Turkey (CBRT). Deutsche Bank strategists stated, "With the appointment of the new CBRT Governor, we see room for 250 basis points or even 500 basis points of further front-loaded tightening."
The bank's analysis noted that the change in leadership and rising inflation have created room for further interest rate hikes.
As reported by NTV, Deutsche Bank strategists, who stated that inflationary pressure will increase in the near term, used the following expressions: "With the appointment of the new CBRT Governor, we see room for 250 basis points or even 500 basis points of further front-loaded tightening. A 500 basis point hike has not yet been priced in."
NO INTEREST RATE CUTS EXPECTED
The bank expressed its view that it does not expect any interest rate cuts this year. It was projected that markets would price in a gradual easing cycle for 2025.
It was also noted that the Central Bank may resort to additional macroprudential measures.
News Source: 12punto
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