Investor Presentaiton
Central bank is implementing tight monetary policy
CBRT Interest Rate Corridor (%)
CBRT Funding Composition (billion TRY)
160
14
12
10
8
6
Jan-16
80
60
40
20
ཤྲཱ ཤྲཱ ཎྜ ཎྜ ྂ ྴ ྨ ༠
140
12,75% 120
100
Jul-16
Overnight Lending Rate
1-week REPO Rate
Late Liquidity Window Lending Rate
Jan-17
Jul-17
Overnight Borrowing Rate
Jan-18
CBRT Average Funding Rate - 5 day MA
Jun-16
Dec-16
Jun-17
One Week Repo
Overnight Lending
Dec-17
I Late Liquidity Window
Net Open Market Operations
The rise in inflation is expected to be temporary
USD/TRY
EUR/TRY
Basket (0.5 EUR & 0.5USD)
16
4,8
14
4,6
4,4
12
Annual CPI (%)
4,2
umm
10
10
10,4
4,0
40
3,8
8
3,6
6
3,4
3,2
4
Mar-12
Mar-13
Mar-14
Mar-15
Mar-16
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Source: Bloomberg, CBRT
TURKISH
AIRLINES
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