Turkey eyes more rate cuts: Analysts signal cautious easing ahead

Breakdown

• Turkey's central bank cut rates by 250 basis points, more than expected. 21s
• Inflation remains high at around 33%, above the central bank's interim target. 1m 2s
• The government forecasts year-end inflation at 28.5%, with two central bank meetings left. 1m 20s
• Analysts expect policy rates to remain in the mid-to-high 30% range by year end. 1m 57s
• The central bank is cautious about further easing to avoid triggering demand for foreign currency. 2m 10s