Turkey's Central Bank Cuts Policy Rate by 150bps to 38.0% on Lower Inflation

MT NewswiresDec 11 20:29

Turkish Central Bank Cuts Rates Again Despite Inflation Risks -- Update

WSJDec 11 20:20

Turkish Central Bank Cuts Rates Again

WSJDec 11 19:05

Morgan Stanley Sees Turkey's Central Bank Cutting Policy Rate by 100bps This Week

MT NewswiresDec 11 01:31

Commerzbank: Despite high inflation, the Turkish lira still faces pressure from the central bank to cut interest rates.

Gelonghui, November 10th | Tatha Ghose from Commerzbank stated in a report that despite persistently high inflation, the Central Bank of the Republic of Turkey may continue to cut interest rates, which would further pressure the lira. The Central Bank of the Republic of Turkey has already raised its year-end inflation forecast again on Friday to a range of 31% to 33%. However, Governor Fatih Karahan indicated that the broader downward trend in inflation is expected to continue. Ghose expressed skepticism about this view. He believes that although inflation risks are rising, the likelihood of continued premature interest rate cuts reduces the attractiveness of the lira in carry trades.

Gelonghui FinanceNov 10 18:04

Turkish Lira Faces Further Falls on Premature Rate Cuts -- Market Talk

WSJNov 10 17:57