When and at what time will the Central Bank interest rate decision be announced? 2024 CBRT November interest rate decision

The countdown continues for the Central Bank's November interest rate decision. The Monetary Policy Committee, which will meet under the leadership of Central Bank Governor Fatih Karahan, will share the November interest rate decision with the public on the scheduled date. As will be recalled, the Monetary Policy Committee kept the policy rate constant at 50 percent in line with expectations at its meeting in October. So, on what date will the Central Bank interest rate decision be announced? How will the CBRT interest rate decision take shape in November 2024, and will there be a change in interest rates? Here are the details being wondered about...

WHEN WILL THE CBRT NOVEMBER INTEREST RATE DECISION BE ANNOUNCED?

The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC) will meet today, Thursday, November 21, 2024, under the chairmanship of Fatih Karahan.

The interest rate decisions taken at the meeting and their justifications will be announced to the public at 14.00 on the same day.

WHAT WILL THE CENTRAL BANK NOVEMBER INTEREST RATE DECISION BE?

The expectations survey conducted by AA Finance regarding the Central Bank's Monetary Policy Committee (MPC) meeting to be held today was completed with the participation of 10 economists.

According to the survey results, all of the economists predict that the policy rate will remain constant at the 50 percent level.

The average of the economists' year-end policy rate expectations was determined as 49.10 percent.

Among the economists who shared their year-end forecasts, 6 predict that the policy rate will remain at 50 percent, 1 predicts it will fall to 48.5 percent, and 3 predict it will fall to 47.5 percent.

WHAT WAS THE CBRT OCTOBER INTEREST RATE DECISION?

The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC) kept the one-week repo auction rate, which is the policy rate, constant at the 50 percent level.

WHAT IS THE YEAR-END INTEREST RATE EXPECTATION?

The average of the economists' year-end policy rate expectations was determined as 49.10 percent.

Among the economists who shared their year-end forecasts, 6 predicted that the policy rate would remain at 50 percent, 1 predicted it would fall to 48.5 percent, and 3 predicted it would fall to 47.5 percent.