The Central Bank of the Republic of Turkey will announce the interest rate decision for April after the Monetary Policy Committee meeting today at 14.00. Many polls indicate that interest rates will remain unchanged this month, despite continued record-breaking inflation.
The Central Bank of the Republic of Turkey, with the decisions taken in the last months of 2021, realized a significant decrease in the policy rate, and as a result, there was a sharp upward movement in foreign exchange and inflation. Today, when inflation is still unstoppable and the annual inflation rate has exceeded 60%, one of the most eagerly awaited days has come.
The Monetary Policy Committee (PPK) of the Central Bank of the Republic of Turkey will meet today and the April interest rate decision will be announced after the meeting. The interest rate, which was kept constant at 14% this year, will be kept constant again, according to many surveys. So what are the other expectations?
According to many experts, interest will be kept constant again:
All 18 economists participating in the Reuters survey stated that they were of the opinion that interest rates would be kept constant at the Monetary Policy Committee meeting in April. The same result was seen in almost every survey. AA Finans’ survey of 18 participants and Bloomberg’s median expectation of 19 institutions pointed to a constant at 14%. Economists also kept their year-end policy rate expectations at 14%.
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