Turkey’s central bank likely to use non-interest-rate tools to ease policy

In the face of the Turkish lira's (TRY) historical lows, Turkey's central bank (CBRT) should continue its policy of tightening liquidity and tweaking technical tools to improve the attractiveness of TRY deposits versus the US dollar, without having to use the interest rate as a policy tool. 

"While the CBRT has embarked on an easing cycle, we think it will keep the policy rate unchanged this time in a bid to ease TRY volatility" said Standard Chartered  in a report on Friday