Central Bank September Interest Rate Expectations and October Cut Forecasts
While the CBRT is expected to keep the interest rate constant at 37 percent in its September meeting, October stands out as the potential first rate cut step.
While the Central Bank of the Republic of Turkey is expected to keep the policy rate constant at 37 percent in its September meeting, it was reported that market participants are pointing to October for the first interest rate cut.
September Meeting Expectations
The market median expectation that the Central Bank of the Republic of Turkey will keep the policy rate constant at 37 percent in its September meeting has been maintained. The number of economists participating in the latest survey studies rose to 27.
Economists' Interest Rate Forecasts
According to current survey results, the vast majority of the 27 participating economists predict that the interest rate will be kept constant, while a minority of experts shared expectations for a cut. The average expectation was revised downwards.
Year-End and 2027 Projections
According to market expectations, the median forecast for the end-of-2026 weekly repo rate remained constant at 35 percent, while the median rate projected for the end of 2027 declined to 26 percent.