Turkey’s central bank (CBT) is nearly unanimously expected to cut its 1-week repo rate by 200bp from 43% to 41% at today’s meeting; there are some outside bets for an even larger cut.
Turkey’s central bank is expected to deliver another aggressive rate cut today, with inflation easing sharply and the disinflation trend gaining traction. Markets anticipate a 200bps move to 41.00%, while pricing in a total of 600bps of easing over the next quarter, BBH FX analysts report.
Expectations have intensified for the Turkish central bank (CBT) to resume cutting interest rates today: with analyst forecasts for a cut between 250bp and 350bp (majority expectation for 250bp).