Deutsche Bank: High Likelihood of TCMB Cutting Rates in December

Forex - Evaluating the Central Bank of the Republic of Turkey's decision to keep the policy rate unchanged, Deutsche Bank argued that the Monetary Policy Committee signaled a shift towards a dovish stance, indicating potential interest rate cuts in the near future, likely starting in December. The bank mentioned, "Key factors to watch include upcoming inflation data, particularly service inflation, and the stability of the currency." Deutsche Bank stated, "Although the Central Bank did not explicitly signal an interest rate cut in December, we believe the likelihood of starting rate cuts in December is relatively high."