The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Board will meet tomorrow under the chairmanship of the Central Bank Governor Hafize Gaye Erkan.
The interest rate decision will be announced at 14:00 on the same day. In the previous meeting, the bank increased the policy rate by 750 basis points to 25 percent.
PPK Expectations Survey concluded
The expectation survey for the CBRT’s Monetary Policy Committee (MPC) meeting was concluded with the participation of 19 economists.
The median of economists’ expectations regarding the change in the policy rate was for an increase of 500 basis points.
According to the survey results, the policy rate expectations of economists, who predicted an increase of 250 to 600 basis points, were between 27.5 percent and 30 percent, and the year-end policy rate expectations were between 35 and 45 percent.
The median of economists’ year-end policy rate expectations was 36 percent.