What will the Central Bank's interest rate decision be? Here are the economists' forecasts
Economists participating in the AA Finance expectation survey regarding the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC) meeting predict that the one-week repo auction rate (policy rate) will be increased by 250 basis points to 37.50 percent.
AA
The expectation survey by AA Finance for the CBRT Monetary Policy Committee (MPC) meeting to be held on Thursday, November 23, was concluded with the participation of 12 economists.
ECONOMISTS EXPECT A 250 BASIS POINT INCREASE
The median of the economists' expectations regarding the change in the policy rate was an increase of 250 basis points.
According to the survey results, the policy rate expectations of economists, who foresee an increase between 250 and 500 basis points, ranged between 37.50 percent and 40.00 percent.
The median of the economists' year-end policy rate expectations was 40.00 percent.
IT WAS INCREASED BY 500 BASIS POINTS LAST MONTH
At the MPC meeting held last month, the policy rate was increased by 500 basis points, rising from 30 percent to 35 percent.