Islam Memis issues unexpected twist warning to investors ahead of CBRT interest rate decision
Financial Analyst Islam Memis warned investors that, contrary to market expectations of a 100 basis point rate cut ahead of the CBRT interest rate decision on October 22, 2026, the bank might keep interest rates unchanged.
Activity is picking up in the markets ahead of the interest rate decision to be announced by the Central Bank of the Republic of Turkey (CBRT) on October 22, 2026. Financial Analyst Islam Memis stated that the Monetary Policy Committee, meeting under the chairmanship of Fatih Karahan, might pass on the decision instead of executing the 100 basis point cut expected by the market.
Although rate cut expectations stand out in the markets, Memis emphasized that investors should be prepared for a potential 'curveball' situation. The analyst stated that he is tracking the 11,200-12,200 point range for Borsa İstanbul, the $4,100-$4,200 band for ounce gold, and the 6,800 TL resistance level for gram gold.
Assessment: Describing 2026 as a accumulation period for gold and silver, Islam Memis argued that it would be a healthier strategy for investors to focus on the quantity of assets they hold rather than instantaneous price levels.
Sources
- sabah.com.tr · Link