Central Bank to announce final interest rate decision of the year today: What are the expectations?

The Monetary Policy Committee (MPC) of the Central Bank of the Republic of Türkiye (TCMB) will meet today under the chairmanship of Fatih Karahan.

The final interest rate decision of the year will be announced following the meeting, which has captured the attention of the markets.

In the MPC meeting held in October, the policy rate was reduced by 100 basis points to 39.50 percent.

WHAT DO THE MARKETS EXPECT?

Meanwhile, expectations regarding the Central Bank's interest rate decision are also being closely watched. Economists participating in the AA Finance expectation survey anticipate that the Central Bank of the Republic of Türkiye (TCMB) will cut the policy rate by 150 basis points in December, bringing it down to 38 percent.

The expectation survey conducted by AA Finance for the Central Bank's Monetary Policy Committee (MPC) meeting, scheduled for Thursday, December 11, was concluded with the participation of 38 economists.

ECONOMISTS' RATE CUT FORECASTS

Of the economists participating in the expectation survey, 14 predicted a 100-basis-point cut, 17 predicted a 150-basis-point cut, and 7 predicted a 200-basis-point cut to the policy rate.

MEDIAN EXPECTATION

The median of the economists' expectations for the December MPC decision was for the policy rate to be reduced by 150 basis points to 38 percent.

The policy rate expectations of the economists participating in the survey ranged between 37.50 percent and 38.50 percent. 

News Source: 12punto