Economists expect interest rates to remain fixed at Central Bank’s July meeting

The Central Bank of the Republic of Turkey is not expected to make any changes in interest rates at the meeting of the Monetary Policy Committee on Thursday, July 27th. Economists expect interest rates to remain fixed at this month’s PPK meeting due to the recent appreciation of the Turkish lira against the dollar, the downward trend in the economy with the support of the Central Bank’s tight stance.

Experts state that interest rates are expected to be kept fixed at the PPK meeting this month like at the previous meeting.  Stating that this expectation is based on the current level of inflation and the CBRT’s message on tight monetary policy stance, experts say despite the drop in inflation in May and June, the current level of inflation is well above the medium term target of the CBRT.

MEDIA