DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Erdogan - 2 Cagla - 1 GRZEGORZ DROZDZ - 1 TIMOTHY ASH - 1 750bps - 1 Hatice Karahan - 1 Hatice Gaye - 1 PIOTR MATYS - 1
Top related locs:
Ankara Turkey Turkish EMERGINGMARKETWATCH.COM SOFIA GENEVA ISTANBUL Istanbul
Top related orgs:
REUTERS - 2 Thomson - 2 Turkey's Central - 1 Analysts - 1 Istanbul bourse - 1 Touch - 1 Turkey Lira - 1 Wall Street - 1

Search resuls for: "750bps"


2 mentions found


☆ VIEW Turkey cements policy shift with super-sized rate hike
  + stars: | 2023-08-24 | by ( ) www.reuters.com   time to read: +5 min
A logo of Turkey's Central Bank is pictured at the entrance of its headquarters in Ankara, Turkey October 15, 2021. "We should recall that sudden changes in interest rates usually have a delayed effect. "This was also the steepest rate hike since the CBT management reshuffle after the elections in May. We think the strong rate hike meant to address market concerns that the CBT wanted to avoid significant rate hike." TIMOTHY ASH, BLUEBAY ASSET MANAGEMENT, LONDON"Really solid move by the CBRT (central bank) to hike policy rates arguably above expectations by 750bps to 25%."
Persons: Cagla, GRZEGORZ DROZDZ, TIMOTHY ASH, 750bps, Hatice Karahan, Hatice Gaye, PIOTR MATYS, Governor Erkan, Erdogan, LIAM PEACH, Erkan, OZKARDESKAYA, SWISSQUOTE Organizations: Turkey's Central, REUTERS, Reuters, Thomson Locations: Ankara, Turkey, Turkish, EMERGINGMARKETWATCH.COM, SOFIA, GENEVA
☆ Turkey shocks with big rate hike to 25%, boosting lira
  + stars: | 2023-08-24 | by ( Ali Kucukgocmen Jonathan Spicer | Ali Kucukgocmen | Jonathan Spicer | ) www.reuters.com   time to read: +4 min
The surprise move leaves the policy rate at its highest level since 2019, and sent the Turkish currency to its strongest level since mid-July. The bank has raised its one-week repo rate (TRINT=ECI) by 1,650 basis points since June. The lira had touched new all-time lows almost daily in recent weeks, including in the minutes before the policy decision. The central bank said that rising oil prices and a deterioration in inflation expectations suggests that inflation will end the year at the upper bound of its forecasts. The central bank has also selectively tightened credit.
Persons: Tayyip Erdogan, Piotr Matys, Dado Ruvic, Erdogan, Hafize Gaye Erkan, Osman Cevdet Akcay, Fatih Karahan, Hatice, Ezgi Erkoyun, Christina Fincher, Angus MacSwan Organizations: Analysts, Istanbul bourse, Touch, Turkey Lira, REUTERS, Wall Street, Thomson Locations: ISTANBUL, Istanbul, Ankara
0 next >>
Total: 2