Global Banks Try to Put a Number on Turkish Rate Hike This Month

Economists at some of the biggest global banks are offering sharply different views of how Turkey will go about raising interest rates this month, a prospect that seemed remote before President Recep Tayyip Erdogan’s reelection just over a week ago.

Erdogan, a self-styled enemy of high borrowing costs, is remaking his economic team as Turkish assets come under strain following an inflation crisis caused in part by his fixation on ultra-low rates.