Markets Turn Their Attention to the CBRT's Interest Rate Decision

The Monetary Policy Committee of the Central Bank of the Republic of Turkey announced that it kept the one-week repo rate steady at 37 percent during the meeting chaired by Fatih Karahan.

Interest Rates Kept Steady

The Monetary Policy Committee of the Central Bank of the Republic of Turkey convened under the chairmanship of Fatih Karahan to announce the sixth interest rate decision of the year and kept the one-week repo rate steady at the 37 percent level.

Overnight Borrowing and Lending Rates

In line with the Committee's decision, the overnight lending interest rate was maintained and kept steady at 40 percent, while the borrowing interest rate was preserved at 35.5 percent.

Inflation and Market Assessments

The announcement emphasized that, despite monthly fluctuations, recent inflation realizations point to a decline in the main trend, and the weak course in domestic demand was confirmed.

Risks and Year-End Expectations

While it was stated that energy prices remaining high due to geopolitical developments pose upside risks to the inflation outlook, experts evaluated the year-end median expectation.