Free Trial

Erdogan Calls For More Than 200bps Further Cuts by Year-End

TURKEY
  • Speaking to CNNTurk late yesterday, President Erdogan made a direct call for the CBRT to cut rates below 10% by year-end. In the interview, Erdogan stated that “from now on there is no going up, it will fall further. That will also reduce inflation”.
  • Polling intentions continue to flag the risks to Erdogan’s re-election changes, with AKP garnering less than 30% support across several surveys, according to today’s Sozcu. This keeps the CHP opposition very competitive, who consistently receive backing of 25 – 26%.
  • Ahead of next year’s elections, Cumhuriyet write that opposition parties are still yet to agree on a consensus candidate, and leaders are meeting on October 2nd as part of another negotiation process to back a coalition leader.
  • Finance Minister Nebati is to appear at an economic summit in Istanbul, delivering the opening speech from 10am local time (0800BST).
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.