December’s weak manufacturing PMI will strengthen the Turkish central bank’s case that monetary policy should be loosened. We think that an interest rate cut at this month’s MPC meeting is more likely than not and have pencilled in a 50bp reduction in the benchmark one-week repo rate, to 23.50%.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services