Markets Focus on CBRT Interest Rate Decision and Inflation in the Last Quarter of the Year
While the economic management maintains fiscal discipline, the markets are locked on the October interest rate decision and inflation expectations.
As the economic management continues its roadmap focused on tight monetary policy and fiscal discipline in the final quarter of the year, markets are locked on the CBRT interest rate decision to be announced on October 22.
October Economic Agenda
The economic management continues to implement its roadmap focused on tight monetary policy and fiscal discipline in the final quarter of the year.
Market actors are focused on the momentum of the decline in the inflation path in the coming period and how this situation will reflect on the real sector.
Central Bank Interest Rate Decision
At the very top of the October economic agenda is the Central Bank of the Republic of Turkey Monetary Policy Committee meeting.
The Central Bank will announce its October interest rate decision to the public on Thursday, October 22 at 14:00.
Market Expectations and Analyses
Analysts predict that the Central Bank will maintain its cautious stance in light of recent liquidity steps and inflation indicators.
Disinflation Process
The final quarter of the year is seen as a critical threshold in the fight against inflation, which is the most fundamental goal of the economic program.
The reflection of the base effect, which has shown its impact since the summer months, and the balancing steps towards domestic demand on monthly inflation will be monitored.
Year-End Inflation Expectation
International financial institutions and domestic analysts agree that there will be a gradual decline in the annual inflation rate towards the end of the year.
However, global risks in food and energy prices make it imperative for the economic management to maintain its tight stance.
Gold and Foreign Exchange Markets
Global central banks entering interest rate cut cycles and geopolitical developments are increasing volatility in global markets.
Upward movements in ounce gold continue to support gram gold prices in the domestic market, and the controlled course in exchange rates is being monitored.
Current Status of Borsa Istanbul
The BIST 100 index in Borsa Istanbul is following a horizontal and cautious course ahead of the trend in interest rates and companies' third-quarter balance sheets.