Central Banks
Morgan Stanley, JPMorgan Rule Out a Turkey Rate Cut in April
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Turkey’s nascent rate-cutting cycle may be placed on hold after a tumultuous week in the country’s financial markets.
Global banks rushed to change their interest-rate forecasts after a heavy lira selloff spurred by Istanbul Mayor Ekrem Imamoglu’s detention last Wednesday. The currency on the same day dropped as much as 11% to a record low.