CBRT to Announce Interest Rate Decision on Thursday: Year-End Expectation at 45%

The Central Bank Monetary Policy Committee will announce its interest rate decision on Thursday, March 21. The bank kept the policy rate constant at 45% in the previous meeting.

The Central Bank of the Republic of Turkiye (CBRT) Monetary Policy Committee will meet on Thursday, March 21, under the chairmanship of Central Bank Governor Fatih Karahan.

The interest rate decision will be announced at 14:00 on the same day. At the MPC meeting held last month, the policy rate was kept constant at 45%.

Policy rate year-end expectation is 45%

The median value of economists’ expectations regarding the change in the policy rate was to keep the interest rate constant at 45%.

The median of economists’ year-end policy rate expectations was 45%.

Market Participants Survey

According to the CBRT’s survey of market participants, the expectation for the end of the current month was 45% and 46.85% for the next 3 months. The policy rate expectation for the next 12 months also increased from 36.62% to 36.96%.

Source: Trthaber / Prepared by Irem Yildiz

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