One for the TRY traders - Goldman Sachs forecasts further Turkish central bank rate cuts

Author: Eamonn Sheridan | Category: News

Goldman Sachs are tipping a 50 basis point cut from the Central Bank of the Republic of Turkey in October

  • and again in November
  • and then by 25bp cuts every month until the rate hits 15% in the middle of next year
The background to this is that the Bank cut its policy rate by 100 basis points to 18% on Thursday. President Erdogan has been on the warpath, wanting a rate cut to lower inflation (yes, that is the reasoning Erdogan has cited many times). 

Goldman Sachs are tipping a 50 basis point cut from the Central Bank of the Republic of Turkey in October


Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose