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
- moderate economic pick-up seen to continue
Lira weakens on the news with many looking/hoping for further tightening.
USDTRY up past 3.8200 from 3.7400 prior but capping atm.
