Turkey Central Bank Cuts Interest Rates Another 150bp Ending Easing Cycle

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  • #47023
    TradersCom
    Keymaster

    Cutting Interest rates via #Erdogan and the #Turkish CB not helping prices for the people:

    Inflation a little on the high side..
    #Turkey CPI
    M/M Oct 3.54% (est 3.6%, prev 3.08%)
    Y/Y Oct 85.51% (est 85.6%, prev 83.45%

    #47265
    TradersCom
    Keymaster

    Turkish Central Bank holding talks with CEO’s of several banks.
    Giving banks the message in talks that it will continue decisively policies which have been criticised via Reuters

    #46061
    Helmholtz Watson
    Participant

    The Central Bank of Turkey unexpectedly cut its interest rate by 150bps to 9.00% at its Novemeber 2022 meeting on Thursday. The bank cut key interest
    [See the full post at: Turkey Central Bank Cuts Interest Rates Another 150bp Ending Easing Cycle]

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