Wall Street Split on Turkey’s Likely First Rate Cut in Years
(Bloomberg) -- 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.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayPolicymakers 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.Predictions vary in the absence of clear guidance by the central