Markets wait in anticipation: US banking giant releases interest rate cut forecast for the Central Bank!
All eyes in the markets are on the Central Bank of the Republic of Turkey's (CBRT) first interest rate decision of the year, to be announced on January 23. US investment bank Morgan Stanley has released its forecast for the Monetary Policy Committee's January interest rate decision.
International investment bank Morgan Stanley has announced its expectations regarding the Central Bank of the Republic of Turkey's (CBRT) Monetary Policy Committee meeting to be held on January 23. The bank projects that the CBRT could cut the policy rate by another 250 basis points, bringing it down to 45 percent.
According to Morgan Stanley's assessments, even if the expected interest rate cut occurs, the real policy rate will remain around 3-4 points in January. This indicates that Turkey will still remain in a positive real interest rate environment, considering current inflation rates and the trajectory of the policy rate.
The CBRT has continued to implement a tight monetary policy in recent months as part of its fight against high inflation. However, economic circles emphasize that steps toward interest rate cuts must be carried out in a balanced manner to both support economic growth and align with inflation targets.
News Source: 12punto
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