Turkey’s new economy management will determine the interest rate decision on June 22, after giving signals of a return to “rational” ground.
The Turkish economy, which has been on the path of interest rate cuts for a while, with President Erdogan’s words “Interest is cause, inflation is the result”, is expected to return to its orthodox economic policy and increase interest rates on June 22.
As the MPC meeting, which will take place on June 22nd, is approaching, Reuters has published the result of its survey with economists on the results of the meeting.
The median expectation of the 15 economists who participated in the survey from the CBRT is that it will increase the interest rates from 8.5 percent by 1150 basis points to 20 percent. However, the expectations of economists differed widely, fluctuating between 12.5 percent and 30 percent.
On the other hand, economists underlined that President Erdoğan had returned to orthodox economic policies in the past, but gave up in a short time, and called for caution.
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