Central Bank's interest rate decision awaited: Economists' expectation is 36 percent

Serdar HocamAuthor & Editor

Ahead of the interest rate decision to be announced by the Central Bank of the Republic of Turkey, economists expect the policy rate to be reduced to 36 percent.

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While awaiting the interest rate decision to be announced next week by the Central Bank of the Republic of Turkey (CBRT), economists anticipate that the policy rate will be pulled down to the 36 percent level with a 100 basis point cut. While the BIST 100 index in domestic markets finished the week with a decline, US inflation data and Fed expectations had an impact on global markets.