Turkish Lira to Fall on Rate Cut.

Turkey's economy should grow faster than expected in 2020 on looser monetary policy but this is likely to cause higher inflation, a fresh deterioration in the current account and a weaker lira.
The central bank will probably cut its one-week repo rate by 100 basis points at its Thursday policy meeting but "we think that it will reverse course and hike interest in the second half of 2020,"
His remarks come after data on Tuesday showed Turkish industrial production rose 5.1% year-on-year and retail sales jumped 8.5% in November. The data "suggest that the economy gathered pace in the fourth quarter," .

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