The Central Bank of the Republic of Turkey (CBRT) announced its October interest rate decision. After leaving the interest rate at 50% for the 7th consecutive time in the last interest rate decision announced in September, the interest rate decision to be taken in October by the CBRT Monetary Policy Committee was on the agenda of investors. Following the 50 basis point interest rate cut by the FED in September, investors were curious about when the Central Bank’s interest rate cut would begin. Analysts had already revealed their expectations regarding the policy rate. So, what was the Central Bank’s interest rate decision in October? How much is the interest rate percentage? The October interest rate decision of the Central Bank was announced. Central Bank interest rate decisions directly affect the dollar, gold, stock market, and deposit interest rates, helping investors to get signals for directing their investments. After the announced October CBRT interest rate decision, the current situation of interest rates and the year-end interest rate expectation are now being anticipated. So, what was the Central Bank’s interest rate decision in October? The Monetary Policy Committee of the Central Bank of the Republic of Turkey (CBRT) announced the eagerly awaited October interest rate decision. The Monetary Policy Committee of the Central Bank of the Republic of Turkey kept the policy rate, the one-week repo auction interest rate, unchanged at 50% for the 7th consecutive time. The expectation survey conducted by AA Finance for the Monetary Policy Committee (PPK) meeting to be held on Thursday, October 17th by the CBRT was concluded with the participation of 16 economists. The median value of economists’ expectations regarding the change in the policy rate was for the interest rate to remain at 50%. According to the survey results, all economists predicted that the policy rate would be kept at 50%. The median of economists’ year-end policy rate expectations was calculated as 47.50%. Additionally, 5 economists predicted that the policy rate would be 50% at the end of the year, while 7 predicted it to be 47.5%.
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