Central Bank Interest Rate Decisions Become the Focus of Global Markets
Investors are locked on critical interest rate decisions to be announced by the CBRT and the ECB, in the shadow of geopolitical risks and the rise in oil prices.
While geopolitical risks and rising oil prices increase selling pressure in global markets, investors have turned their eyes to the interest rate decisions to be announced by the Central Bank of the Republic of Turkey and the European Central Bank.
Global Markets and Oil Prices
The intensification of conflicts in the Middle East and the targeting of oil tankers have increased concerns regarding energy supply.
The barrel price of Brent crude has risen above $100 once again after about two months, trading at the $101 level.
ECB Expectations in European Stock Markets
European stock markets followed a negative trend ahead of developments in the Middle East and the European Central Bank's interest rate decision.
In the markets, it is considered a certainty that the ECB will increase its three main interest rates by 25 basis points each.
Borsa İstanbul and CBRT Agenda
In Turkey, all eyes have turned to the interest rate decision of the Central Bank of the Republic of Turkey.
Economists expect the Central Bank to keep the policy rate steady at 37 percent.