Turkey's Başçı reiterates rate cut is unlikely


Erdem Başçı, the governor of the Central Bank of the Republic of Turkey (CBRT), reiterated that interest rates are unlikely to be cut during a presentation on monetary policy in the Turkish town of Kayseri today.

Başçı made a similar statement in London on Thursday, but his comments were overshadowed by Turkey's prime minister Recep Tayyip Erdogan call on the central bank the following day to convene an emergency meeting and cut interest rates.

Başçı also said today that retail loan growth in

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