The Monetary Policy Committee (MPC) of the Central Bank of the Republic of Turkey (CBRT) had maintained the policy rate, the one-week repo auction interest rate, unchanged at 50 percent. Following the September decision, attention has now turned to the 10th interest rate decision and MPC meeting of the year. So, when will the Central Bank interest rate decision be announced? Domestic eyes are focused on the CBRT’s monetary policy decisions. The Monetary Policy Committee of the Central Bank of the Republic of Turkey (CBRT) will once again come together under the chairmanship of Central Bank Governor Fatih Karahan to determine the interest rate decision. Here is the 2024 October MPC meeting date… The Monetary Policy Committee (MPC) of the Central Bank of the Republic of Turkey (CBRT) will convene on October 17, 2024. Decisions regarding interest rates taken at the Monetary Policy Committee meetings are shared with the public, along with their justifications, on the same day as the meeting at 2.00 pm. In the announcement made by the CBRT regarding interest rates, it was reported that the Committee, under the chairmanship of Yaşar Fatih Karahan, decided to keep the policy rate at 50 percent. In the announcement, where it was stated that when examined as a whole, the indicators of monthly inflation did not show a significant change, it was mentioned, “Indicators for the third quarter confirm that the domestic demand continues to slow down, reducing its inflationary effect. While core goods inflation continues to remain low with a limited increase, improvement in service inflation is expected to occur in the last quarter.” The announcement emphasized that the Committee noted that inflation expectations and pricing behaviors remained a risk factor in the disinflation process, and pointed out that the consistent stance in monetary policy would reduce the main trend of monthly inflation through balancing domestic demand, real appreciation of the Turkish lira, and improvement in inflation expectations, strengthening the disinflation process. While reiterating its cautious stance against upward risks on inflation, the Committee, in the announcement, also stated that the tight monetary policy stance would be maintained until a significant and permanent decrease in the main trend of monthly inflation was achieved and inflation expectations approached the predicted target range. In the announcement, it was mentioned that if a significant and permanent deterioration in inflation was anticipated, monetary policy tools would be effectively utilized, and the statement included the following: “In case of unexpected developments in credit and deposit markets, the monetary transmission mechanism will be supported by additional macroprudential measures. Liquidity conditions will be closely monitored considering possible developments. Sterilization tools will continue to be used effectively. The Committee will determine the monetary and financial conditions that will reduce the main trend of inflation and achieve inflation at the 5 percent target level in the medium term, taking into account the delayed effects of monetary tightening. Indicators regarding inflation and the main trend of inflation will be closely monitored, and the Committee will use all the tools at its disposal decisively in line with its primary objective of price stability.” The announcement emphasized that the Committee’s decisions will be made in a predictable, data-focused, and transparent framework, stating that “The Monetary Policy Committee Meeting Summary will be published within five working days.”