British Institution Predicts 850 Basis Point Interest Rate Cut for the Central Bank - Sözcü Newspaper
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Capital Economics, a UK-based economic research firm, expects the Central Bank of Turkey (TCMB) to cut its policy interest rate by a total of 850 basis points to 27.50% by the end of 2027. The firm also forecasts that inflation will fall to approximately 20% during the same period.
Deutsche Bank has released its expectations for the Turkish economy. Christian Wietoska, the bank's CEEMEA Director, predicted that the Central Bank of the Republic of Turkey could cut interest rates by 100 basis points in December. The institution maintained its year-end inflation forecast at 30 percent and is continuing its position of increasing its weighting in Turkish lira-denominated bonds.
Deutsche Bank CEEMEA director Christian Wietoska told Bloomberg HT that the Central Bank could continue with interest rate cuts. Stating that the CBRT has shown exceptional performance recently, Wietoska commented, "Turkey is still very attractive in terms of carry trade."
Capital Economics, a UK-based research firm, predicted that the Central Bank of Turkey (TCMB) will cut its policy interest rate by a total of 850 basis points to 27.50 percent by the end of 2027. The firm also estimated that annual inflation will fall to 20 percent during the same period, and stated that despite the interest rate cuts, the real interest rate will remain positive.
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