Reported about 19 hours ago
Turkey's central bank is anticipated to implement its first interest rate cut in nearly two years, with Wall Street divided on the extent of the reduction. While some major banks predict a cut of 150 to 250 basis points, there are concerns about aggressive moves amid high inflation. The central bank has indicated a cautious approach, focusing on stabilizing financial conditions and expectations for further rate cuts in the coming year, although some analysts believe a premature cut could risk exacerbating inflation.
Source: YAHOO