All eyes on interest rate decision in domestic markets

The Monetary Policy Committee (PPK), chaired by the Governor of the Central Bank of the Republic of Turkey (CBRT), Fatih Karahan, will hold its seventh meeting of the year today and announce the interest rate decision to the public.

Following the meeting, the interest rate decision will be announced at 14:00 along with the Board's justification.

At the last MPC meeting held in September, the bank decided to keep the one-week repo auction interest rate, which is the policy rate, constant at 37 percent.

Economists participating in the expectations survey expect the CBRT to reduce the policy rate by 100 basis points to 36 percent in October.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)