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The Central Bank of Turkey may lower the rate for the first time in almost 2 years

December, 25 2024

The central bank of Turkey is preparing on Thursday to announce the first discount rate cut in almost two years, but the scale of this step is causing controversy among analysts.According to the median estimate of the expert survey, the rate is expected to decrease from 50% to 48.25%. JPMorgan and Deutsche Bank forecast a decrease of 150 basis points, while Citigroup and Bank of America expect a sharper decrease of 250 basis points. Forecasts vary due to the lack of clear signals from the centra... Read More

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