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Fundamental Analysis Posted 1 hour ago

Turkey CBT cuts funding rate to 37%, signals Q4 easing ahead

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Turkey's central bank lowered its effective funding rate from 40% to 37%, citing declining inflation risks and weakening domestic demand. Inflation expected below 30% by year-end; reserves recovered sharply; rate cuts anticipated in Q4. USD/TRY traders face renewed easing cycle pressure as monetary transmission improves and growth slows.
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