Further Turkish rate cut in the pipeline

We think the Turkish central bank (CBRT) will follow up today’s 50bp cut in interest rates with a further 25bp cut over the coming months. But policymakers may also continue to offset the impact of lower interest rates by hiking reserve requirements or cutting liquidity provision, as they did today.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.