The Central Bank of Turkey may raise interest rates for the seventh consecutive time
According to Jin10's report, it is expected that the Central Bank of Turkey will raise interest rates for the seventh consecutive time on Thursday, nearing the end of the tightening cycle to curb soaring inflation.
Among 27 analytical institutions surveyed by Bloomberg, all except one institution expect that the Central Bank of Turkey will raise its policy rate by 250 basis points to 42.5%. Standard Chartered Group is an exception and predicts a rate hike of 500 basis points. If market expectations are generally correct, Turkey will have raised interest rates by a cumulative 34 percentage points this year.
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