Central Bank interest rate decision announced! What is the March 2025 Central Bank (TCMB) interest rate decision? What was the economists' interest rate expectation?

The Central Bank's interest rate decision is being closely followed by investors who have expectations of an interest rate cut in the markets. The Central Bank, which raised the policy rate to 45 percent in January, has once again shared the Monetary Policy Committee's (MPC) assessment with its March interest rate decision. So, what was the Central Bank's interest rate decision? Did the TCMB make an interest rate cut? Here are the results and details of the March 6 MPC meeting...

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The Central Bank's interest rate decision has been shared with the public via its official website. The Monetary Policy Committee (MPC), which reconvened after January, announced the interest rate to be applied and the rationale behind the decision. This decision, taken within the framework of inflation targeting, is being closely followed in the markets. So, what was the March Central Bank interest rate decision? Was there a decrease in the interest rate? Here is the interest rate decision announced by the TCMB and the details...

CENTRAL BANK INTEREST RATE DECISION ANNOUNCED

The Central Bank of the Republic of Turkey (TCMB) Monetary Policy Committee has shared its March 2025 interest rate decision with the public.

The Committee reduced the one-week repo auction rate, which is determined as the policy rate, by 250 basis points to 42.5 percent.

WHAT WAS THE ECONOMISTS' INTEREST RATE EXPECTATION?

Economists participating in the AA Finance expectation survey predicted that the TCMB would make a 250 basis point cut in the policy rate in March, lowering the rate to 42.5 percent.

The median value of the economists' policy rate forecasts for the end of the year was calculated as 30 percent.

News Source: 12punto