The Central Bank of the Republic of Turkey will announce the first interest rate decision after the Russia-Ukraine war today. The vast majority of economists expect interest rates to be held constant.
While the effects of the war that started between Russia and Ukraine continued to be felt, one of the most anticipated days came. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, today new rate decision will explain. The interest rate decision, which will be announced at 14.00, will be to keep the interest rate constant, according to many economists.
All of the 18 institutions surveyed by Reuters are members of the Monetary Policy Board. to keep interest rates constant He said he was waiting for the decision. This expectation was the same in all of the 18 economists who participated in the ForeksHaber survey, the AA Finance survey and the Bloomberg HT survey. Expectations from abroad were also in this direction.
Statement from the international banking giant
US-based investment bank Goldman Sachs stated in a research note that given the current level of pressure and inflation in the TL, there is no sign of the authorities to abandon their current strategies. Bank, expects the policy rate to remain constant. explained.
What are the year-end expectations?
On the other hand, there were some differences in year-end interest rate expectations. Economists in the AA Finance survey expect the year-end interest rate to be the same as today. would be 14% While we waited, the rate was the same in Reuters in general. But one participant in the Reuters poll said that interest down to 12% He showed that he was waiting.
While 9 out of 18 economists surveyed by ForeksHaber announced their expectations for the end of the year, this expectation mostly 14% swas the sink. On the other hand, minimum and maximum interest expectations in the survey 12% and 22% took place as While the majority expects 14% in the Bloomberg survey, minimum and maximum expectations are expected. 9% and 22% was in shape.
The Fed had increased interest rates yesterday:
The US Federal Reserve (FED), in line with expectations yesterday increased by 25 basis points. had explained. Thus, the FED increased interest rates for the first time in 3 years.