Turkey Central Bank Survey Points at Another Rate Cut This Month

Participants in the Turkish central bank’s monthly survey expect another reduction in the benchmark interest rate this month, followed by a pause.

Turkey will slash its key rate by 100 basis points to 15% on Thursday, according to the survey of 48 people, mostly finance and corporate sector representatives. That matched the median estimate in a Bloomberg poll. However, participants in the central bank study see the rate unchanged at 15% three months later.