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CBT INFLATION REPORT: Tight for longer, slower economic activity, and support from fiscal policy to improve inflation..
: CBT once again revised up its inflation forecast significantly and not only for this year-end but also for next year, highlighting the Bank’s pessimistic view on the impact of FX pass-through and pricing behaviour, in our view. While the CBT continues to give the same message of keeping a tight policy, a lot seems to be hinging upon the expectation of an increased support from fiscal policy, which at this point should be a question mark for the markets. We also did not sense that the CBT is likely to react to the expected rise in inflation in 3Q18. (CBT, BGC Partners)
Provider
BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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