As expected the CBRT’s MPC kept policy rates unchanged at 37%. But given geopolitical trends I think that was a mistake. CBRT MPC statement is here: https://www.tcmb.gov.tr/wps/wcm/connect/en/tcmb+en/main+menu/announcements/press+releases/2026/ano2026-12 Actually prior inflation trends – with inflation doggedly holding above 30% – suggested that the prudent move should have been at the least a hold. But then add … Continue reading Tim Ash: CBRT indecision could prove costly