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Commerzbank analyst Tatha Ghose says the central bank has kept its one-week repo rate at 37.0% with a 35.5%-40.0% corridor. With the repo window closed since the Iran shock, effective funding sits near the 40% overnight lending rate.
Oil-driven inflation pressure is cited as the reason for the cautious stance.
Tight effective funding supports the lira, which lowers the local cost of dollar-priced feed imports. Higher oil-driven inflation risk limits how far the central bank can ease.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.