Market Super 'Impressed' With Rate Hike From Turkey As Everyone Temporarily Forgets Who Is Really In Charge Over There
June 07, 2018 at 10:58 AM EDT
Well, I’m not exactly sure this was a "surprise" (as it’s being billed), but CBT hiked 125bps on Thursday (one-week repo – which they’ve reverted to following last week’s announcement re the simplification of policy – to 17.75% from 16.5%).