Central Banks
Wall Street Split on Turkey’s Likely First Rate Cut in Years
- Analysts expect benchmark rate to be cut by 175bps to 48.25%
- Dissenters including Goldman Sachs see a ninth straight hold
Fatih Karahan
Photographer: David Lombeida/BloombergThis article is for subscribers only.
Turkey’s central bank is expected to deliver its first interest rate cut in nearly two years on Thursday, with major banks divided on the size of the reduction.
Policymakers led by Governor Fatih Karahan will lower the benchmark rate of one week repo to 48.25% from 50%, according to the median estimate in a Bloomberg survey of analysts.