UBS, BBVA and Barclays predict that the CBRT's interest rate cut may be postponed to 2025.

◻️UBS, BBVA and Barclays revised their expectations for the Central Bank of the Republic of Turkey (CBRT) interest rate cut.

◼️UBS announced that the 250 basis point cut expected to start in November may be postponed to 2025 due to increasing risks.

◻️BBVA postponed the first cut to December due to higher than expected inflation.

◼️Barclays stated that if October inflation exceeds 2%, the interest rate cut may be postponed to the end of 2024 or 2025.