This week, the market will be closely watching the Central Bank’s interest rate decision. Economists are expecting the CBRT to keep its policy rate steady. Last week, a sideways trend was notable in the domestic market. The BIST 100 index on the Istanbul Stock Exchange closed the week with a 0.01% gain at 9,381 points. In the new week, all eyes will be on the interest rate decision. The balance of payments and the Central Bank of the Republic of Turkey’s (CBRT) interest rate decision will be closely monitored. Economists are anticipating that the CBRT will keep its policy rate unchanged at 42.5% in April. The median forecast for economists’ year-end policy rate expectations is 34.50%. Economists estimate that the current account deficit was $4.325 billion in February, with the deficit projected to reach $21.970 billion in 2025. Moreover, the USD/TRY closed Friday at 37.8690 with a weekly decrease of 0.3%. The balance of payments will be announced on Monday, budget balance on Tuesday, housing sales statistics on Wednesday, CBRT’s interest rate decision and house price index on Thursday, and short-term external debt statistics on Friday.
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