The Monetary Policy Committee of the Central Bank of the Republic of Turkey will meet today under the chairmanship of Central Bank Governor Fatih Karahan. The Central Bank will announce its policy interest rate decision at 2 pm. The Central Bank kept the policy interest rate unchanged at 50% at its April meeting. The interest rate is expected to remain unchanged at 50% today.
Economists’ expectations
Economists’ median expectation for a change in policy rates was to keep rates constant at 50%. Economists’ median forecast for the year-end policy rate was calculated to be 45%. When asked about their year-end forecasts, 2 economists expected the policy rate to be 50% at the end of the year, 1 expected it to be 47.5%, 5 expected it to be 45%, and 2 expected the policy rate to be 50%. expected to be 50% at the end of the year. I predicted it would be 40%.
Pay attention to the decision sentence!
Economist Tugba Ekin said in a meeting with Miliyet: “The central bank will hold its fifth meeting of the year on May 23. The market does not expect any changes in interest rates. Regarding sterilization and expectations. Details will be important in the decision summary.” “The new decision text will particularly place positive emphasis on the increase in reserves,” he said in his assessment, “and we hope that it will have a positive impact on the domestic market.”
Are interest rate hikes coming?
Ekin made the following statement:
“Currently, if we look at year-end inflation expectations and compound interest yields, we can say that interest income is actually outpacing inflation. However, if we run into higher-than-expected inflation due to macro variables or geopolitical developments, interest rates will rise again. Renewal could be on the agenda, but the current situation calls for further monetary policy tightening. “We don’t see any free space.”
Click to return to homepage A new formula for welfare contributions, progressive increases and pensions! Instead of 6 months of inflation… The price of a 3 course meal was a surprise. There was a line in front of the restaurant. Gold kilo prices fell again today. Here’s the latest status:
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