Editor
Turkey has surprised markets with a 100 basis points interest rate cut even amid inflation of nearly 80 per cent, as the central bank loosens policy further to spur growth ahead of a general election next year.
The bank had been expected to keep the rate at 14 per cent, which has already pushed Turkish yields into deeply negative territory, according to a poll by broadcaster Bloomberg HT. Instead, policymakers lowered the rate to 13 per…
