The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee will meet on Thursday, August 24, 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 previous meeting, the bank had increased the policy rate by 250 basis points to 17.5 percent.

PPK Expectation Survey concluded

The expectations survey of the CBRT’s Monetary Policy Committee (MPC) meeting resulted in the participation of 15 economists.

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

According to the results of the survey, economists’ policy rate expectations, which predicted an increase by 100 to 250 basis points, were between 18.50% and 20.00%, while their year-end policy rate expectations were between 20 and 30%.

The median of economists’ year-end policy rate expectations was 26.50 percent.

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