Türkiye’s Central Bank expected to maintain interest rate at 46%
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Türkiye’s Central Bank is poised to announce its latest interest rate decision on Thursday, June 19, at 2:00 PM local time, with expectations high that the benchmark policy rate will remain unchanged at 46%.
The Monetary Policy Committee (MPC), led by Governor Fatih Karahan, will convene amid ongoing efforts to tame inflation and stabilize the Turkish lira.
Analysts and economists widely anticipate the Central Bank of the Republic of Türkiye (CBRT) will hold the rate steady, following a recent hike in April from 43.5% to 46%. The CBRT’s latest Expectations Survey supports this view, with a median forecast indicating no change for June.
Looking ahead, market projections suggest a potential easing of monetary policy later this year, with the median end-of-year policy rate estimate dropping to 35.5%. This shift hinges on inflation trends and Türkiye’s broader economic performance.
The decision comes as Türkiye grapples with balancing inflation control and economic growth, drawing close attention from investors, businesses, and policymakers. The outcome of Thursday’s meeting is expected to signal the CBRT’s next steps in navigating these challenges. (ILKHA)
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