ISTANBUL Dec 16 Turkey's benchmark bond yield
opened at a record low of 7.28 percent on Thursday, dropping
from a previous close of 7.37 percent, due to strong
expectations that the central bank will cut its policy rate.
The bank's monetary policy committee is expected to announce
a cut in the key repo rate, currently 7 percent, when it meets
after the markets close later on Thursday.
The median forecast in a Reuters poll of 16 analysts was for
a cut of 50 basis points to 6.5 percent [ID:nLDE6BD0LN], though
there was a burst of speculation late on Wednesday that the cut
could be larger than that.
(Reporting by Simon Cameron-Moore)