Asia Unhedged | Nomura economists comment on confusing signals from Turkey's central bank
A logo of Turkey's Central Bank is pictured at the entrance of the bank's headquarters in Ankara. Photo: Reuters, Umit Bektas
A logo of Turkey's Central Bank is pictured at the entrance of the bank's headquarters in Ankara. Photo: Reuters, Umit Bektas
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Nomura economists comment on confusing signals from Turkey’s central bank

Turkey's central bank bond buying is undermining the commitment to tight liquidity policy.

March 1, 2017 11:41 PM (UTC+8)

Nomura economists commented on confusing signals from Turkey’s central bank, noting the Central Bank of the Republic of Turkey’s (TCMB) aggressive bond buying is undermining the commitment to tight liquidity policy. The economists explained that the bond buying may shed light on why loan rates have not been responsive to an increase in short-term average funding costs for banks.

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