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Tuesday, October 19, 2021

Turkey cenbank likely to do 'irrational' 100-pt rate cut -SocGen | Reuters

Turkey cenbank likely to do 'irrational' 100-pt rate cut -SocGen ISTANBUL, Oct 18 (Reuters) - Turkey's central bank would likely cut its key rate by another 100 basis points on Thursday, after surprising markets with an equal easing last month, pushing the lira to a record low 9.8 versus the dollar by year end, Societe Generale said on Tuesday. More:Turkey cenbank likely to do 'irrational' 100-pt rate cut -SocGen | Reuters