Turkish economists predict that the interest rate will increase from 42.5 percent to 45 percent at the Central Bank (CBRT) meeting to be held next week. Turkish television channel is reporting this Nergis TV.
According to AA Finance’s survey, all 14 experts expect a 250 basis point interest rate increase. The median forecast for the end of 2024 is 38.75%.
At its December meeting, the regulator had already increased the rate by 250 basis points. and stated that it plans to end the tightening cycle as soon as possible.
The Central Bank of the Republic of Turkey increased the interest rate by a total of 34 points in 2023. – from 8% at the beginning of the year to 42.5% at the end of December. Economists expect tight monetary policy to continue.
It was previously known that there were reserves of the Central Bank of Türkiye. reached The historical peak reached 145.5 billion dollars, an increase of 47 billion dollars since the end of May.
previously economist appreciated The consequences of Turkish banks’ refusal to work with Russia.