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Economy 3 sources 2 stories

Hakan Kara: Likelihood of Central Bank rate cut in October has increased

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Former Central Bank chief economist Prof. Dr. Hakan Kara said recent fund market developments could slow growth and ease inflationary pressures, noting a 100-basis-point rate cut may be preferred at the Central Bank (TCMB) October meeting.

Kara stated that under normal conditions such a negative shock could bring a 150-200 basis point cut onto the agenda, but that risks of a shift to foreign currency and reserve loss limit the Central Bank's hand. Therefore, he expects a more cautious step.

Hakan Kara: Likelihood of Central Bank rate cut in October has increased
Photo: Oda TV

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Sources 3 sources

Source spectrum State State Pro-government Pro-gov Independent Indep. Opposition Opp. Foreign Foreign
PSM2nd to publish the story20 Sept, 11:54 Hakan Kara: Fon krizi sonrası TCMB'nin faiz indirimi olasılığı arttı Sigorta Gündem3rd to publish the story20 Sept, 11:54 Hakan Kara: "Fon krizi sonrası TCMB'nin faiz indirimi olasılığı arttı" Oda TVFirst to publish the story20 Sept, 11:26 Hakan Kara: 'Faiz indirim ihtimali arttı'

Story thread 2 stories

  1. Hakan Kara: Likelihood of Central Bank rate cut in October has increased Former Central Bank chief economist Prof. Dr. Hakan Kara said recent fund market developments could slow growth and ease inflationary pressures, noting a 100-basis-point rate cut may be preferred at the Central Bank (TCMB) October meeting.
  2. Hakan Kara: Growth in the fund market could slow economic expansion In an X post, Prof. Dr. Hakan Kara wrote that developments in the fund market would slow economic activity and growth via wealth and liquidity effects, adding he expects a 100-basis-point interest rate cut in October due to easing inflationary pressures.

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