Turkey’s central bank is set to deliver its first interest rate cut in nearly two years, with economists predicting a reduction of 175 basis points (bps) to 48.25%. However, not everyone is on board, as some analysts, including Goldman Sachs, expect the benchmark rate to remain unchanged for the ninth consecutive month. The decision will be made by Governor Fatih Karahan and his team on Thursday.
Source: https://www.bloomberg.com/news/articles/2024-12-25/wall-street-split-on-turkey-s-likely-first-rate-cut-in-years