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Central Bank Interest Rate Decision: When Will It Be Announced? (2024 CBRT June MPC Interest Rate Decision)

Investors await the Central Bank of the Republic of Turkiye’s (CBRT) June policy rate decision, crucial for economic indicators like the dollar, gold, and stocks.

The countdown has begun for the June interest rate decision of the Central Bank of the Republic of Turkiye (CBRT). Investors closely monitoring the Turkish economy and investing in dollars, gold, and stocks are eagerly awaiting the policy rate decision to be announced in June.

So, when will the Central Bank interest rate decision for June be announced? The June Central Bank interest rate decision is closely monitored by investors in dollars, gold, stocks, and deposit interest rates. The direction of the CBRT interest rate decision in June, which directly impacts investment instruments, is a matter of curiosity. With the publication of the CBRT Market Participants Survey, interest rate expectations have been revealed. The schedule for the June interest rate decision of the Central Bank of the Republic of Turkiye (CBRT) Monetary Policy Committee (MPC) has been announced.

Accordingly, the Central Bank’s June interest rate decision will be announced on Thursday, June 27, 2024, at 14:00.

WHAT ARE THE ANALYSTS’ INTEREST RATE EXPECTATIONS?

According to the Central Bank of the Republic of Turkiye (CBRT) Market Participants Survey, the current year’s Gross Domestic Product (GDP) growth expectation remained at 3.3%, while it stayed at 3.7% for the next year.

Expectations for the policy rate for the current month and three months later were at 50%.

The policy rate expectation for 12 months later also decreased from 37.11% to 35.90%.

Source: NTV / Prepared by Irem Yildiz

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