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First reaction to the Central Bank's interest rate decision from Özgür Demirtaş

Prof. Dr. Özgür Demirtaş commented on the Central Bank's decision to raise the policy rate to 40 percent in a post on his X account.

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The Central Bank has announced the interest rate decision that the markets were eagerly awaiting. The CBRT Monetary Policy Committee raised the policy rate to 40 percent with a 500 basis point hike, exceeding the market's average expectation.

Following the CBRT's interest rate decision, all eyes turned to economists. Prof. Dr. Özgür Demirtaş commented on the Central Bank's interest rate decision through posts on his X account.

"WELL DONE"

As soon as the interest rate decision was announced, Demirtaş first posted, "Well done."


The renowned economist later added, "I congratulate the Central Bank of the Republic of Turkey," accompanied by a nazar amulet emoji.