The Central Bank’s Monetary Policy Committee will announce the second rate decision of the year on Thursday, February 23. In the previous meeting, the bank kept the policy rate constant at 9%.
The Central Bank of the Republic of Turkiye (CBRT) Monetary Policy Committee will meet on Thursday, February 23 under the chairmanship of Central Bank Governor Sahap Kavcioglu.
The interest rate decision will be announced at 14:00 on the same day. In the previous meeting, the bank kept the policy rate constant at 9%.
Market participants survey has been announced
The Central Bank published the Market Participants Survey for February, which was conducted with 36 participants consisting of real and financial sector representatives and professionals.
The February CPI increase expectation, which was 2.24% last month, rose to 3.01% in this survey period. The expectation for an increase in CPI for the end of the current year was 35.76%.
Expectations for an increase in CPI increased from 30.44% to 30.75% in 12 months, and from 17.18% to 18.11% in 24 months.
While the year-end dollar/TL expectation of the participants was 22.84, the 12-month dollar/TL expectation decreased from 23.44 to 23.10.
The year-end current account deficit expectation, which was $30.7 billion in the previous survey period, decreased to $30.6 billion in this period.
The current account deficit expectation for the next year was $21.6 billion.
The policy rate expectation for the end of the current month is 9%
While the Gross Domestic Product (GDP) increase expectation for the current year decreased from 4.1% to 3.6%, the growth expectation for the next year increased from 4.3% to 4.5%.
The expectations for the CBRT’s policy rate for the end of the current month and for the next 3 months have been determined as 9%.
The policy rate expectation for the next 12 months was 13.94%.
Source: Trthaber / Prepared by Irem Yildiz