Wednesday, July 15, 2009

Yet more on the Hurriyet column

On Tuesday, CNBC-E released its latest MPC guesstimate poll: Nealy 2/3rd of Treasury guys and economists are expecting a 50bp cut in Thursday's meeting and probably at least another cut further on. Considering that everyone was unanimous on a 25bp final cut just two weeks ago, this is what I would call effective communication.

But then again, if you go in front of a bunch of academics, journalists and finance professionals, show that a comparative real rates graph and say that Turkish rates still have room to go down, even a chipmunk will get the message:):):)

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