The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) will announce the policy rate decision for April at 14.00 on Thursday, April 25.
Markets expect the interest rate to remain constant. A striking survey came from Reuters regarding the Central Bank’s first interest rate cut.
FIRST INTEREST REDUCTION IS EXPECTED IN THE FOURTH QUARTER
Stating that economists predict that the Central Bank will not reduce interest rates until the 4th quarter, Reuters stated that policy makers will maintain a tight stance until a significant decrease in the underlying trend of monthly inflation is observed.
According to the survey results, it was stated that the interest rate will be reduced by 250 basis points in the 4th quarter, reducing the rate to 47.5 percent, and that a further decrease will be seen next year and this rate will be 30.0 percent by the end of 2025.
In the news of Reuters, it was mentioned that Central Bank Governor Fatih Karahan said at a panel held in Washington that the interest rate hike cycle is over and inflation is on track to reach the 36 percent target by the end of the year.
On the other hand, it was stated that economists have the opinion that Turkey will close this year with an average inflation rate of 44.2 percent.
Tags: Striking survey Reuters Central Bank start reducing interest rates Minute Economy News
