After Outlier Call Gone Bad, Goldman Has No Turkey Rate Forecast

Goldman Sachs Group Inc. will refrain from a forecast of its own for Turkish interest rates on Thursday after its economists said they’d “incorrectly argued” for a different direction in policy.

Days ahead of this week’s meeting, analysts at the Wall Street bank said in a report they “feel unable to add value by forecasting the repo rate, a rate that in our view largely determines the size of subsidies to priority sectors and is hence hard to forecast without guidance from the policy makers.”