The Turkish central bank (CBRT) started its rate cutting cycle with a 100bp reduction in the one-week repo rate to 36.00% today and, with inflation pressures subsiding, we expect an additional 850bp of cuts by the end of next year (to 27.50%). This would still keep real interest rates firmly in positive territory.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
