October Monetary Policy Committee Meeting Interest Rate Expectations Announced
The survey results for the Central Bank's October meeting revealed that the vast majority of experts anticipate a cut in interest rates.
The majority of economists participating in the expectation survey conducted ahead of the Central Bank of the Republic of Turkey's October Monetary Policy Committee meeting expect an interest rate cut.
Economists' October Interest Rate Expectations
19 out of 20 economists participating in the expectation survey conducted by AA Finance expect the Central Bank of the Republic of Turkey to cut the policy rate by 100 basis points. Another economist participating in the survey predicts that the rate will be reduced by 200 basis points.
Median Forecasts and Year-End Outlook
The median of economists' expectations for the October Monetary Policy Committee decision shaped up toward pulling the policy rate down to the 36 percent level. On the other hand, the median of year-end policy rate expectations was calculated as 35 percent.
Past Interest Rate Decisions
At the Monetary Policy Committee meeting held in September, no changes were made to the policy rate, and the rate was kept constant at the 37 percent level. The Monetary Policy Committee's October meeting will be held on Thursday, October 22.