Turkey may need to deliver smaller rate hike: Morgan Stanley ...Qatar

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Turkey may need to deliver smaller rate hike: Morgan Stanley
Turkey may need to deliver a far smaller interest-rate increase than forecast by some of the biggest global lenders, according to Morgan Stanley. The central bank will probably raise the key one-week repo rate by just 150 basis points at its meeting on Thursday, Morgan Stanley economists Alina Slyusarchuk, Andrea Masia and Georgi Deyanov said in a report to clients. Most forecasters surveyed by Bloomberg – including economists at Barclays Plc, Goldman Sachs Group Inc and UniCredit SpA – predict an increase of 475 basis points in the benchmark to 15%. Turkey’s central bank “might decide to deliver a larger hike to reinforce its intention to dampen inflationary pressures but we think domestic

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