超预期，土耳其央行降息150个基点

Group 1 - The Turkish central bank announced a reduction in the policy interest rate from 39.5% to 38%, a decrease of 150 basis points, which exceeded market expectations of a 100 basis point cut [1][2] - The recent inflation data showed a decline in consumer inflation rates, with November's monthly inflation slowing to 0.87%, the lowest since May 2023, and the annual inflation rate dropping to 31.07%, below the expected 31.6% [2][3] - The widening interest rate spread between the policy rate and inflation, now approximately 8.5 percentage points, has increased market speculation for further rate cuts [3] Group 2 - The Turkish economy is experiencing a complex situation where declining inflation coexists with economic growth, complicating policy decisions for the central bank [2] - Recent economic forecasts suggest that Turkey's GDP will grow by 4.4% in 2026, with an acceleration expected in the second half of the year, although consumer confidence remains fragile [5]