Central Banks
Turkey Central Bank Readies for Rate Cut After One More Hold
- Turkish central bank leaves door open for December reduction
- Bank cites improvement in services inflation, pricing behavior
Fatih Karahan
Photographer: David Lombeida/BloombergThis article is for subscribers only.
Turkey’s central bank left its benchmark interest rate unchanged for an eighth month, while implying a cut could soon be justified due to slowing inflation.
The Monetary Policy Committee, led by Governor Fatih Karahan, kept the one-week repo rate at 50%, in line with a Bloomberg survey in which all analysts predicted a hold.