New Turkish central bank chief says that April rate cut is not guaranteed

Remarks by new Turkish central bank chief, Şahap Kavcıoğlu

He also reaffirms that the 1-week repo rate continues to be the main policy tool for the central bank. As much as the headline looks enticing, he would not have been appointed if he isn’t going to follow through on Erdogan’s wishes.

USD/TRY has been holding steadier in recent days after the lira’s implosion last Monday:



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