- 14.00% vs 15.00% prior
Inflation is over 20% in Turkey and the CBRT cuts due to President Erdogan's unorthodox belief that high inflation is caused by high interest rates. USDTRY up at highs and as stunned as the rest of us.
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CBRT cuts by 100BPS as expected
CBRT cuts by 100BPS as expected
- cuts as expected
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