Turkey's Rate Cut: A Risky Move?

Turkey's central bank is expected to cut interest rates again on October 23rd, defying rising inflation and unsettling investors. Despite economic uncertainty, a majority of experts predict a one-percentage-point decrease, bringing the rate to 39.5%. This move, driven by government pressure, contradicts typical responses to inflation and could impact Turkey's currency value and international investment flows. The decision will significantly shape Turkey's financial policy, with markets, leaders, and citizens closely monitoring the outcome.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.