Reported 11 months ago
Turkey's central bank is expected to continue with its pause on interest rates, likely lasting throughout the year or even longer, in order to combat the country's high inflation rate. Analysts predict that the one-week repo rate will remain at 50%, with expectations of a rate cut towards the end of the year or in the first quarter of 2025. The economy is showing signs of slowing down due to tight monetary policies, leading to forecasts of decreased growth and increasing pessimism among businesses.
Source: YAHOO