- Reuters
ANKARA: A top Turkish central bank official is telling bankers that the pace of interest-rate cuts will be based on the course of inflation, pushing back against market expectations for sizeable, consecutive reductions, according to people familiar with the matter.
Central bank deputy governor Cevdet Akcay said earlier this week that the decisions would be taken meeting-by-meeting, people familiar with the discussions said, asking not to be named because the meetings were private.
