Turkey Poised For First Rate Cut Since Political Crisis in March
The Monetary Policy Committee led by Governor Fatih Karahan is poised to agree to a reduction of 250 basis points to 43.5%, according to the median forecast of 20 economists surveyed by Bloomberg. There are two notable dissenters: Goldman Sachs Group Inc. is predicting a bigger cut of 350 basis points while Capital Economics Ltd.'s Liam Peach penciled in a smaller one of 200 basis points.
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