Turkey to Hold Interest Rates Steady to Slow Sticky Inflation.

Turkey's central bank is expected to maintain its interest rates at 50% for the seventh consecutive month due to higher-than-expected inflation in September. The Monetary Policy Committee, led by Governor Fatih Karahan, is likely to hold rates steady, with only one economist predicting a rate cut. The central bank is monitoring monthly price growth and inflation expectations to determine the timing of any rate cuts, with some suggesting a possible reduction in January 2025. Concerns about political pressures and President Erdogan's growth-focused economic strategy may influence the timing of any rate adjustments. [Extracted from the article]