Central Bank’s interest rate decision will be announced on Thursday, October 26

In the lead-up to this critical week, it is expected that interest rates will be raised to 35%, with the Central Bank having raised the policy rate to 30% in the previous meeting. The Turkish Central Bank (TCMB) Monetary Policy Committee, under the chairmanship of Central Bank Governor Hafize Gaye Erkan, will convene on Thursday, October 26.

The interest rate decision will be announced at 14:00 on the same day. In the previous MPC meeting held last month, the policy rate was increased by 500 basis points, raising it from 25.00% to 30.00%.

Expectations for the MPC Meeting:

A survey of expectations for the Central Bank’s Monetary Policy Committee (MPC) meeting has been conducted with the participation of 19 economists. The median of economists’ expectations for a change in the policy rate points to an increase of 500 basis points.

According to the survey results, economists who anticipate an increase of 250 to 500 basis points in the policy rate have expectations ranging from 32.50% to 35.00%. The median of economists’ year-end policy rate expectations is 40.00%.