Turkey says times are good, interest rates can fall – beyondbrics - Blogs - FT.com

Turkey says times are good, interest rates can fall – beyondbrics - Blogs - FT.com:



"

Investors could be forgiven for being confused by the signals coming out of Turkey’s central bank on Thursday.



Governor Erdem Başçi (pictured) suggested that rate cuts were likely to continue. Speaking at a press conference in Ankara, he said the markets were pricing in a cut in the key policy rate of about 50 basis points and that any further interest rate cuts would be “measured”.



The bank has already cut interest rates three times this year."



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