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Chicago Fed President Goolsbee emphasizes inflation for 3% interest rate
Chicago Fed President Austan Goolsbee stated that a 3% policy rate could be a reasonable level if inflation reaches the 2% target. Goolsbee noted that the impact of tariffs and geopolitical risks on prices is being closely monitored.
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Economy
TCMB analysis from Prof. Dr. Sinan Alçın: Expectation of a 100 basis point rate cut in September
Prof. Dr. Sinan Alçın evaluated the CBRT's normalization steps and the course of crude oil prices, stating that a 100 basis point rate cut could be made in September and that the year-end policy rate expectation is at the 35% level.
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Economy