Central Bank to Announce Interest Rate Decision Tomorrow: Policy Rate Expected at 45%

The Central Bank Monetary Policy Committee will announce the interest rate decision tomorrow. The Board had kept the interest rate constant at 45% in its 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 its meeting held on February 22, the Board decided to keep the interest rate constant at 45%.

Policy rate current month-end expectation is 45%

According to the March Market Participants Survey conducted by the Central Bank with 70 participants consisting of real and financial sector representatives and professionals, the expectation regarding the policy rate 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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