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This week sees Turkey rate decision, with....>

TURKEY
TURKEY: This week sees Turkey rate decision, with Bloomberg median going for a
50bps CUT to 10.75%.Spilt goes as follow, out of 24 calls. -8 are going for
unchanged (including MS), following the higher CPI. 
-1 (GS) is going for 25bps CUT to 11% 
-13 are going for 50bps JPM, TD, HSBC, Unicred, DB, etc...) 
-2 are going for 75bps cut (includes DekaBank).
Spectrum of the arguments varies: 
-From the pick up in inflation, as such going for unchanged or a smaller cut.
Adopting a wait and see approach going into the 2nd quarter., Especially given
residual risk to the TRY on the back of the S400 defence system, as well as
Syria. 
-To the majority, that sees a 50bps cut and limited impact in the local
currency, as well as inflation potentially peaking.
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