According to Rabobank analysts, while the main focus this week will be on the ECB, Turkey is likely to steal the spotlight in the EM space. Key Quotes “Ahead of the upcoming CBRT meeting scheduled on September 12, President Erdogan reiterated his expectation for significantly lower interest rates saying that the policy rate will be cut to single digits “in the shortest period.” “With inflation falling faster than anticipated, the lira staying relatively stable (for now) and President Erdogan expecting significantly lower rates, we predict that the policy rate will be slashed by 300bps to 16.75% on Thursday.” “However, we are not comfortable with such a rapid pace of monetary policy easing.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Technical Analysis: Rebounds from the support line at 98.00 FX Street 4 years According to Rabobank analysts, while the main focus this week will be on the ECB, Turkey is likely to steal the spotlight in the EM space. Key Quotes "Ahead of the upcoming CBRT meeting scheduled on September 12, President Erdogan reiterated his expectation for significantly lower interest rates saying that the policy rate will be cut to single digits "in the shortest period." "With inflation falling faster than anticipated, the lira staying relatively stable (for now) and President Erdogan expecting significantly lower rates, we predict that the policy rate will be slashed by 300bps to 16.75% on Thursday." "However, we… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
