Turkiye: All eyes on interest rate decision in domestic markets

All eyes in the domestic markets are on the interest rate decision that the Central Bank Monetary Policy Committee will announce on Thursday. The bank increased the policy rate to 35% in the previous meeting.

The Central Bank of the Republic of Turkiye (CBRT) Monetary Policy Committee will meet on Thursday under the chairmanship of Central Bank Governor Hafize Gaye Erkan.

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 35%.

MPC Expectations Survey concluded

The expectation survey for the CBRT’s Monetary Policy Committee (MPC) meeting was concluded with the participation of 12 economists.

The median of economists’ expectations regarding the change in the policy rate was for an increase of 250 basis points.

According to the survey results, economists’ policy rate expectations, which predicted an increase of 250 to 500 basis points, varied between 37.50% and 40.00%.

The median of economists’ year-end policy rate expectations was 40.00%.

Source: Trthaber / Prepared by Irem Yildiz

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