British banks contradict TCMB interest rate cut estimates

◻️HSBC and Barclays have made different predictions regarding the interest rate policies of the Central Bank of the Republic of Turkey (TCMB).

◼️HSBC predicts that the TCMB will not cut interest rates in 2024, while Barclays economists predict that the first interest rate cut will begin in November 2024.

◻️Barclays predicts a 250 basis point cut in November 2024, and states that the TCMB will make 250 basis point cuts at each MPC meeting after this cut.

✒️Ekotürk