Turkish Central Bank Watchers Are Split on Bets for Rate Cuts

Turkey is expected to stick to its interest-rate cut cycle on Thursday, but economists are split on how much the central bank will ease borrowing costs, after inflation unexpectedly climbed and political commotion left investors on edge.

The majority of 23 economists in a Bloomberg survey expect the central bank to lower borrowing costs, with the median estimate pointing to a 100 basis-point cut to 39.5%. Only two of the economists expect a repeat of September easing and four see the central bank pausing after two consecutive cuts.