Today is the big day: All Eyes turn o Central Bank’s interest rate decision!

The fever of the euro, dollar and gold, which have set a record in a row recently, has not stopped falling, while the markets have focused on the interest rate decision that the Central Bank is scheduled to announce at 14:00 today. While everyone is waiting for the interest rate decision to be made by the Central Bank, economists have made their final forecasts before this decision. According to the economists’ forecast, the CBRT is expected to reduce the policy rate by 100 points to 15 percent.

THE PROSPECT OF A RATE CUT IS DRIVING THE DOLLAR HIGHER

The Central Bank is expected to continue its interest rate cuts while going to a total of 300 basis points of interest rate cuts since September which also causes the dollar / TL exchange rate to continue to rise.

THE DOLLAR HAS BROKEN A RECORD ONE AFTER ANOTHER

While the psychological 10 lira level was exceeded in the dollar / TL exchange rate last week, the exchange rate finally broke the record again with 10.96 today.

BLOOMBERG HT’S SURVEY EXPECTS A DISCOUNT OF 100 BASIS POINTS

According to an interest rate survey conducted by the Bloomberg HT television channel, the CBRT is expected to cut its policy interest rate by 100 basis points. According to the median expectation of the 21 institutions surveyed, the expectation of the level at which policy interest will be found at the end of the year was also formed at the level of 15%.

A REUTERS POLL SHOWED AN ESTIMATE OF A DISCOUNT OF 100 BASIS POINTS

According to a Reuters poll, the CBRT is expected to cut its policy interest rate by 100 percentage points to 15 percent.