CBRT decision now out 24 Jan
– late liquidity window lending rate raised to 11%
Say the CBRT:
– FX movement increased risks on inflation
– may take liquidity measures on unhealthy pricings
Lira weakens on the news with many looking/hoping for further tightening.
Turkey’s central bank leaves benchmark repo rate at 8%, raises o/n lending rate to 9.25%
