Bloomberg HT October TCMB Interest Rate Survey Results Announced
According to market participants' expectations, the Central Bank is projected to cut interest rates at its October meeting.
The Central Bank of the Republic of Turkey interest rate survey for October, conducted by Bloomberg HT, has concluded. The 17 participating institutions expect the interest rate to be cut at the meeting on October 22.
October Interest Rate Cut Expectations
A total of 17 institutions participated in the survey organized by Bloomberg HT regarding the CBRT interest rate decision. According to the participants' expectations, the Central Bank is projected to lower the interest rate to 35 percent at its meeting scheduled for October 22.
While the highest expectation for the October policy rate pointed to the 36 percent level, the lowest expectation materialized at 35.5 percent.
Participants' Basis Point Forecasts
Out of the 17 institutions participating in the survey, 15 expect a 100 basis point cut in October. The remaining 2 participants forecasted a 150 basis point cut.
2026 and 2027 Year-End Forecasts
The market's policy rate forecast for the end of 2026 in October remained unchanged compared to the last two survey periods, pointing to the 35 percent level. The highest expectation for the year-end was 36 percent, while the lowest expectation was 34 percent.
The survey participants' median policy rate expectation for the end of 2027 was determined at 28 percent. The highest expectation for this period was announced as 32.5 percent, and the lowest expectation as 25 percent.