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Top News In Ccbrt Today - Breaking & Trending Today
Turkey's interest rate cut last month risks pushing inflation higher than Fitch Ratings' estimate of 17.2% by year end, the ratings agency said on Wednesday ahead of another expected policy easing on Thursday. ....
Turkey's central bank will continue to reduce interest rates for the remainder of the year in the wake of its bumper 200 basis point cut, before halting its rate cutting cycle at 15%, analysts at Goldman Sachs and Barclays forecast on Thursday. ....
Wall street bank JPMorgan said on Thursday it expected Turkey's central bank to trim interest rates by another 100 basis points (bps) in November and sharply raised its inflation forecast. ....
Turkey's central bank shocked markets again by slashing its policy rate by 200 basis points to 16% on Thursday, sending the lira to a new all-time low and delivering the easing demanded by President Tayyip Erdogan despite rising inflation. ....
President Tayyip Erdogan has wheeled a trolley around one of the new grocery stores he hopes will bring Turkey's "exorbitant" prices under control, but his unorthodox effort to combat inflation is failing to impress shoppers and retailers. ....