This week, all eyes in Turkish financial markets are on the interest rate decision that the Central Bank of the Republic of Turkiye will announce on Thursday. The bank increased the policy rate to 50% in the previous meeting.
The Central Bank of the Republic of Turkiye (CBRT) Monetary Policy Committee will meet on Thursday, April 25, 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 increased by 500 basis points to 50%.
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 50%. The median of year-end policy rate expectations was 45%.
Market Participants Survey
According to the CBRT’s survey of market participants, the expectation for the current month and the next 3 months was 50%. The policy rate expectation for the next 12 months also increased from 36.96% to 38.18%.
Source: Trthaber / Prepared by Irem Yildiz