Behind the rate curve?

Dünya Executive - - COVER PAGE -

The CBRT’s rate hike exceeded market expectatio­ns.

But was it enough?

In general, people resort to s mple Taylor Rule computat ons n order to assess wh ch central bank s most ‘beh nd the curve’. They can be tr cky though by be ng decept vely s mple.

In order to assess th s rather bold cla m, there s lots of work to do. Nonetheles­s, let us be ‘phenomenol­og cal’, or rather crudely emp r cal and observe the pr ma fac e ev dence only.

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