Goldman Sachs Makes a Surprising Prediction for the Central Bank of Turkey: They Don't Expect an Interest Rate Cut.
5 Articles
5 Articles
Goldman Sachs predicted that the Central Bank would remain cautious at its October meeting despite market expectations of an interest rate cut. The institution believes that the inflation outlook, reserve losses, and pressure on the Turkish Lira are limiting the room for an interest rate reduction.
Goldman Sachs economists maintained the view that it was still too early for the CMB to start the rate cut cycle. The Bank did not expect a change in interest rates at the meeting of the Monetary Policy Board on October 22, while noting that the risks to this forecast are high.
Goldman Sachs economists reiterated their view that it is too early for the central bank to begin its easing cycle, stating that they do not expect any changes at the Monetary Policy Committee meeting on October 22, but that the risks to this forecast are high.
Goldman Sachs, contrary to the most popular market forecasts, does not expect a reduction in the refinancing rate of the Central Bank of Turkey at a meeting on 22 October, says ... 08.10.2026, PRIM
Market expects interest rate cut, Goldman Sachs diverges According to Goldman Sachs' assessment, market consensus and pricing indicate that the CBRT will implement its first policy interest rate cut at the October 22 meeting...
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