Goldman Sachs Group Inc. will refrain from a forecast of its own for Turkish interest rates on Thursday after its economists said they’d “incorrectly argued” for a different direction in policy. Days ahead of this week’s meeting, analysts at the Wall Street bank said in a report they “feel unable to add value by forecasting the repo rate, a rate that in our view largely determines the size of subsidies to priority sectors and is hence hard to forecast without guidance from the policy makers.” The arrival of President Recep Tayyip Erdogan’s new economic team has led to market cheer and expectations of a swift pivot ... (full story)